The Fed is all over the place, flip-flopping sometimes within a matter of weeks. They're confident about inflation then they're not. What's the real reason for so much back and forth, the obvious insecurity? It's the story no one really knows and what actually ties the current day with the past Great Inflation. Eurodollar University's Money & Macro AnalysisCSPAN William Proxmirehttps://www.c-span.org/video/?322377-1/political-career-senator-william-proxmirehttps://www.c-span.org/video/?39834-1/government-wastehttps://www.c-span.org/video/?c4704392/sen-william-proxmireHutchinson v Proxmirehttps://www.oyez.org/cases/1978/78-680Federal Reserve Memo Nov 6, 1973 & letter from Arthur Burns to Senator Proxmirehttps://fraser.stlouisfed.org/files/docs/historical/burns/Burns_19731106.pdfNYT Dec 2, 1975 Proxmire Would Curtail Bankshttps://www.nytimes.com/1975/12/02/archives/proxmire-would-curtail-banks.htmlFOMC Transcript July 1981https://www.federalreserve.gov/monetarypolicy/files/FOMC19810707meeting.pdfhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU