Otavio (Tavi) Costa(@TaviCosta):The Powell saga is a distraction. The Fed’s independence has been gone for a while. To be fair, what did people expect? Inflation is still elevated while debt service is already at unsustainable levels. You either crush the system with high rates, or you tolerate inflation and force rates lower. This isn’t a debate. It’s math. Meanwhile, in almost perfect timing: Long term inflation expectations just jumped to two year highs today.

Otavio (Tavi) Costa

@TaviCosta

Founder & CEO of Azuria Capital LLC. Macro thinker, history student, value-oriented investor. Native of Sao Paulo, Brazil 🇧🇷 E-mail: tavi@azuriacapital.com

参加 June 2014

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Otavio (Tavi) Costa@TaviCosta

2026.04.30 02:49

The Powell saga is a distraction. The Fed’s independence has been gone for a while. To be fair, what did people expect? Inflation is still elevated while debt service is already at unsustainable levels. You either crush the system with high rates, or you tolerate inflation and force rates lower. This isn’t a debate. It’s math. Meanwhile, in almost perfect timing: Long term inflation expectations just jumped to two year highs today.