Inflation Slows A Little (Core PCE Price Growth 4.6% YoY) In February, But Remains High Despite Fed Withdrawal (Is US A Failed State?)

Inflation is slowing just a little. But my feeling about The Fed (that partly caused the problem in the first place by keeping rates too low for too long (TLTL) under Yellen is all I can do is laugh.

The US Core Deflator (Personal Consumption Expenditure CORE PRICE Index YoY fell only slightly in February to a still-high 4.6% in February despite The Fed jacking up interest rates and slowing M2 Money growth.

I thought Biden and Congress passed the inflation reduction act??

I forgot. Under Obama/Biden, the US is now a failed state. Or a banana republic without bananas. Way to go Joe!