"I hear it commonly said that inflation is the big problem so the Fed needs to tighten to fight it and everything will be good. I believe this is both naïve and inconsistent with how the economic machine works.

Markets and economic movements are driven by much simpler and more commonsense linkages than most people articulate that paint a different picture. In my latest article on LinkedIn, I cover how inflation fighting by central banks works and what we can expect from it.

Here it is:"

https://www.linkedin.com/pulse/reducing-inflation-come-great-cost-stagflation-ray-dalio/