Threadguy explains why Bessent has backed the Fed into a corner where both options end in chaos "Oil is going parabolic, inflation has been over the Fed's 2% target for 65 months straight, we're fully at war, and what Waller is probably supposed to do is hike. But the problem is Bessent basically backed himself into a corner and said, if you hike, we're both fucked. If you do nothing, just you're fucked. Pick one." "And so if Waller doesn't hike, the market goes crazy because nobody can take him seriously, he's been talking this hawkish game the whole time. If he does hike, we're both fucked. FOMC is electric again, no one has any idea what's going to happen, and there hasn't been a Fed meeting that actually mattered since 2022. Every single one of them matters now."