They can't really boost interest rates without drying up credit. And the more they print the less worth the US dollar becomes.
Hence the conundrum.
Already being dovish at 4.75% and the dollar drops of quickly because of the massive debt the USA has.
They keep raising rates then dollar will find support but credit will start to dry up and with so many bubbles around that's also dangerous.
Talk about being between a rock and hard place.
there will be no good solution to this, imho. Attempts at soft landings have failed miserably before. They are just trying to keep the party going as long as possible.
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