Hard to watch these FED updatesIt is interesting to listen to the narrative from the FED....every couple weeks we get an update that the market anxiously awaits. The precious metals market sells off with the cooordinated plunge protection team selling massive amounts of paper gold and silver and they are able to stretch this fragile game a little longer. I am surprised they are telling the market to expect 4 rate hikes this year....honestly I thought they woud say 8 rate hikes, perhaps they havent thought of it...but it is like Yogi Bera when asked after the large pizza he ordered was ready..."sir do you want that cut in 6 or 8?" and Yogi says you better cut it in 6 cuz I can't eat 8!! To think that the FED is going to tackle inflation with 1/4 of a percent rate hikes!! tells you the position they are in.....Paul Volker raised it 10%! That would be 40 rate hikes at the pace Powell is proposing! To think they could do 8 rate hikes should really spook inflation and get it under control....eight 1/8 of a percent rate hikes coming your way!! Come on Powell give your colleagues something to run with when they get to the podium! After all this, a 1% rate hike coming this year with inflation running at 7%...they must giggle to themselves once the camera turns off....joke!