Send it in Jerome?

The Fed's gradual rate hike cycle is too slow to appropriately deal with inflation. Awakening the market vigilantes is a bad idea. Sell US$ vs hard assets and sell US fixed income until Fed wakes up.

After Jerome Powell kicked off March Madness last week with the Fed’s decision to finally begin its rate tightening cycle, I was reminded of Bill Raftery’s legendary call on Jerome Lane’s dunk back i…