Bank of England hikes by 50 basis points, says UK may already be in recession

[nowforever]

3. raising rates is not solution to this pandemic driven inflation

https://www.marketwatch.com/story/raising-interest-rates-would-do-nothing-to-control-inflation-11641936876. Powell is truly a clueless economist who cannot look outside the box. Biden should replace him with a more open minded progressive thinker.