Dee Feat is in Dee Flation - part the forty sixth

As follow up to the last installment, more reporting on that hoard of moolah still hanging around in consumer's hands:

[M]any households are still in solid financial shape. They amassed $2.3 trillion in extra savings during the pandemic thanks to months stuck at home and government stimulus, and still had about $1.7 trillion of that by mid-2022, based on Fed research.

Going to take some more time to burn off those Bongo Bucks. The basic issue is: The Fed (pretty much irregardless which party runs the Administration) is always on the side of Big Bidnezz, which is to say The Fed will always attack the Demand side of the economy, never get tough with Big Bidnezz. So, Powell, just like Volcker lo those many decades ago, will crash the economy in order to placate Big Bidnezz and Big Wealth. Not that either is the main victim of Dee Feat.