Hello, fellow rebel capitals, hope you're well. I'm here with my good buddy,

Lynette Zang. They just came out with the Fed announcement. They kept rates the same

and they said they're going to reduce the amount of quantitative tightening.

So I don't know if we should take that as dovish or hawkish or we just have to wait

till drone-pow says something.

What do you think, Lynette?

Well, I think they don't really know what to do, but when he's saying that, does that mean that they're going to sell less every month of the bonds and the mortgage-backed securities that they're running off their balance sheet?

Yeah, yeah, that's what it happened for me.

When I looked at, when I looked at financial conditions,

they never really got that tight.

No, because the pet's balance sheet doesn't even matter, that's no because the balance sheet doesn't even matter that's why.

The banks don't care what the Fed does.

Neither do the markets anymore.

Yeah, did you ever hear the story? We talked about it yesterday about how they got that 2% inflation target?

No, how did they get that? You know how it's just like written in stone?

Which people don't notice the inflation.

But they, they, people, especially in the mainstream media,

talk like it's some sort of just very complex intellectual algorithm that the normal

average Joe and Jane just could not comprehend therefore don't even question it.

You don't have to it's it's not too high it's not it's perfect just trust us this is based on some serious serious economic analysis here and only the 900 PhDs at the Fed could ever be this intelligent could ever be this

clever so just don't question it shut up listen and just trust us it's not

3% it's not 1% it's two percent. So the story behind that quickly

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