Fannie Mae-No Politics (FNMA)

[Donotunderstand]

YUP

but - ? - should the FED just sit by when we hit 7-8 % inflation

I think people just do not (did not) understand what it means for the FED to Fight inflation

The tool - higher interest rates - for a long time

The result - fewer new jobs (maybe fewer net jobs) - slower economy --- and hopefully less inflation

People should see interest rate charts from 1970 until about now (say mortgage rates and the Fed Rate) --- crazy high rates that make those of today look LOW. At same time - when you move from .5 to 5 --- even if 5 is digestible - it is massive