And yet, the Fed acting seems to be a greater influence on the length and depth of the recessionary cycle. Solving problems, not so much.
The FED is in a box and has been for decades. They were too slow to start raising and I would prefer a 1.0% raise but it doesn’t matter. My job is to react to what they do, not what I might wish they would do.
It’s like the weather, my griping would change nothing. Recessions are a necessary part of any relatively free economy. Our job is to survive them as best we can and be ready to strike when the economy starts to turn.
We’ll never live in an economy that expands all the time.