My little recap of Jerome Powell's Speech/Q&A today

When asked about why he thinks there are labor shortages all over the place, he mentions all these bullshite things like:

Some people just retired
Some people's kids schools are still closed and they are unable to go back to work for that reason
Some people are afraid of returning to work and getting sick

All of those without addressing the giant fricking elephant in the room of us still handing out extra unemployment payments to people and why would they go back to work if you're getting the same pay to sit at home.

Some of the reporters asked some clown fricking questions like would he go talk to the homeless people that are camped out, outside the fed... But one of the questions was pretty good I thought.. Reporter asked if the feds buying up of Mortgage Backed Securities has lead to this ridiculous surge in the real-estate market - where people are paying cash, sight unseen for above asking price. He didn't take the bait. Gave some bullshite response and went back to mentioning their goals for employment, etc and that they will keep buying up assets until all of those goals are met.

TLDR: As far as inflation, interest rates, and them buying up just about everything under the sun.. It appears that the fed is asleep at the wheel.