<p>The consensus on the Fed — which is something I said yesterday — is that „these morons are going to over-hike us into a recession“.</p><p>I get the sense that the FOMC is so desperate for a ‚win‘ on anything that they’re willing to wreck the economy just so they can live out their Volcker fantasies. </p><p>In any case, here’s a better Fed rant than anything I could write and given what’s happening in markets, this won’t be the last one.</p><blockquote class=“twitter-tweet“ data-partner=“tweetdeck“><p dir=“ltr“ lang=“en“>ICYMI: Wharton Professor Jeremy Siegel fired up on <a target=“_blank“ href=“https://twitter.com/HalftimeReport?ref_src=twsrc%5Etfw“>@HalftimeReport</a> over the Fed. We’re going to break it all down on Overtime. Tune in at 4PM ET! <a target=“_blank“ href=“https://t.co/ONe0cqDwcy“>pic.twitter.com/ONe0cqDwcy</a></p>— CNBCOvertime (@CNBCOvertime) <a target=“_blank“ href=“https://twitter.com/CNBCOvertime/status/1573387150338433025?ref_src=twsrc%5Etfw“>September 23, 2022</a></blockquote>

This article was written by Adam Button at forexlive.com.