The Fed Is In A Difficult Spot

We had FOMC today and the Fed is in a difficult spot. You know, the problem that the Fed has is that we've seen energy spike energy prices really start to spike. Now remember, we know that business cycles, the beginning of the end of the business cycle historically is when energy spikes in a late business cycle environment.But in a late business cycle environment, oil spiking is a very, very, very bad thing. Now the Fed's hands are kind of tied. Powell even kind of let a slip today.I think he accidentally s ...