Spoiler: The Fed doesn’t care about full employment or price stability. It has only one mandate, maintaining US dollar dominance.

It will fail even at this.

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Yep, Russia, China, and Bitcoin are the Fed's target and they are going to do whatever they can to try to fight, even though the conclusion is inevitable.

The number one priority for those in power, is to preserve said power. Exceptions are far and few in between.