Responses to CPI saying its in components the Fed cannot control with rates are misguided ...Middle East

OK folks, you'll be reading so many responses to the rising US CPI saying its in components the Fed cannot control with rates. The basic objection to the higher CPI is that its in components that the Fed can do nothing about. So the Fed should still cut because rates have no impact on these components. This ignores what history tells us (over, and over, and over again), that a central bank faced with inflation in components it cannot control will hike regardless (or, in the current Fed situation, will not cut). The thing a central bank can address is driving down demand. This is why these components still matter.Think rising oil prices. The Federal Reserve has zero control over these. Think

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