According to CNN the economy is tanking

[gab13by13]

6. I wrote about this last week here,

and was roundly criticized for using the phrase, "negative Fed speak."

What is so magical about a number? What is so magical about keeping inflation at 2.0? Just maybe the country's economy will do just fine at 3.0 - 3.5?

What terrible event will happen if the Fed cuts interest rates 2 or 3 times this year?

I know this that when economists cry about not cutting rates or even talk of raising them, the stock market tanks.

Cut the fucking interest rates like you promised, stop with the "negative Fed speak." It's almost like someone wants the economy to tank. I know, the stock market isn't the economy.

If we are truly concerned about inflation then have the government take over Big Oil. We are now a net exporter of petroleum products. When someone says Israel and Iran may go to war and the price of gas jumps, we won't have that scenario when government owns the fossil fuel industry, inflation problem solved.