I don't agree that the economy is particularly strong. Of course high inflation over an extended period is unacceptable. I don't think anyone has this miracle cure.
There is a danger that slowing the economy could trigger a recession, unemployment and, so, lower incomes. It may be too late to stop that happening already.
No need to be so gritty. Yes, I know about the theory. I'm just repeating what Powell has been saying since the rate hikes started - maybe you should question his economic nous instead? You know, like when he was talking about this "transitory inflation" about 20 months ago. And Yellen too. Funny people.
He got Brexit done. Yes he was lying. But I think he knew that the only way we could actually leave with some kind of agreement out was to get that dogs dinner through the house. It had been 4 years already and everyone was pissed off.
That said, May was as deceptive as any of them. "Brexit means Brexit" for her means if I say that I get to be PM - maybe as long as 3 years - whoopee for me!
Oh he got Brexit done. The trouble is that most of the dinner in the oven was the regurgitated Chequers Stew - designed by May-Robbins, bespoke caterers to the EU.