To The Moon

Dear Mr. Powell,

I am writing to you on the one-year anniversary of the Federal Reserve's launch of its rate hike to combat inflation. As a concerned earthling, I am deeply worried about the current state of our earth economy and the potential for long-term inflationary pressures.

I urge you to adopt a more hawkish policy stance to address this issue. Inflation is a serious threat to the economic well-being of our planet, and it is essential that we take decisive action to address it.

Past examples have shown that a hawkish policy can be effective in controlling inflation. In the 1980s, then-Fed Chairman Paul Volcker raised interest rates to double digits to bring down inflation, and this policy was successful in reducing inflation from 13.5% to 3.2% within a few years. Similarly, in the early 1990s, the Bank of Canada raised interest rates to combat inflation, which led to a period of low inflation and stable economic growth.

I believe that the current policy of gradual rate increases is insufficient to combat inflationary pressures. Therefore, I propose that the Federal Reserve take a more aggressive approach and increase interest rates by 50 basis points at the upcoming meeting in March 2023. This would signal to the markets that the Federal Reserve is serious about controlling inflation and is willing to take decisive action.

While I understand that this may be a difficult decision and could potentially slow down economic growth and increase unemployment in the short term, I believe that the long-term benefits of a more hawkish policy far outweigh the short-term costs. A 50 basis point increase in interest rates would send a strong message to the markets and could help to prevent future inflationary pressures from spiralling out of control.

Thank you for your attention to this matter, and I look forward to your response.

Sincerely,

Airui