＞"Jerome Powell and Lisa Cook should stop playing dumb indefinitely. They must promptly and deeply apologize to President Trump and the American people for 'triggering high inflation in 2022 through their erroneous high-interest rate policy,' and the FRB must compensate the American people on their behalf for the damages they sustained."

https://gyazo.com/97fed86fd0be366928174784bbbd4195

＞ * In 2022, the U.S. Federal Reserve (FRB) and other central banks repeatedly raised interest rates to combat cost-push inflation triggered by the supply shock that coincided with the outbreak of the war in Ukraine.

＞ * The theoretical justification for this was New Keynesian economics—which emerged after the end of the Cold War and was hailed as the "New Principles of Macroeconomics"—with the Taylor rule serving as its core foundation.

＞ * However, as repeated in previous essays, raising interest rates as an anti-inflation measure is effective only in cases of demand-pull inflation where the assumption of the "Divine Coincidence" holds true—meaning that as long as the inflation rate is stabilized at its target, the output gap automatically becomes zero (optimized).

https://gyazo.com/931f2ad38fc58b5e70b0fb33569e25cf

＞ * Because they raised interest rates during a period of cost-push inflation like in 2022, the negative output gap widened. Meanwhile, interest rate hikes could not counteract the geopolitical supply shock itself; instead, they created a situation where "amidst an interest-rate-driven recession, an opportunity arose for commodity futures speculation, which transformed into a conspicuously highly lucrative business," ultimately leading to severe stagflation.

＞ * Thus, the 2022 interest rate hikes by the U.S. FRB achieved two things: ① they induced the inflow of Japanese investment funds into the U.S., bringing about a stronger dollar that served as a partial antidote to inflation, but ② more significantly, they triggered an influx of foreign capital and a concentration of speculative funds into the commodity futures market.

＞ * Consequently, in stark contrast to Japan, which maintained its low-interest rate policy, inflation accelerated in the United States, which remained obsessed with interest rate hikes as a countermeasure against cost-push inflation.

https://gyazo.com/6daac174c5af91139ad1cab4e17e3c95

＞ * Against the U.S. FRB, which committed the grave and severe error of applying the New Keynesian Taylor rule to cost-push inflation, Mr. Trump—who repeatedly demanded interest rate cuts—can be highly praised as an eminently rational and uniquely patriotic American president.

＞ * The U.S. FRB's Jerome Powell and Lisa Cook must admit their grave mistake and apologize before President Trump and the American people, and the FRB should bear the responsibility of compensating the American people on their behalf for the damages they suffered.

https://gyazo.com/915ed6ad0dc7acab020d806504f2e1e5

＞ * The misuse of the Taylor rule applies to Japan as well.

＞ * Kazuo Ueda, the absurd head of the treacherous Bank of Japan (BOJ)—a financial terrorist organization tainted by Marxist communism—and Naoki Tamura of the crazy Kyoto University—a stronghold of communist Marxist economics identical to the useless University of Tokyo—were leaning heavily toward raising interest rates under cost-push inflation.

https://gyazo.com/33959956d74c8de126ec4483a4af04f2

＞ * Fortunately, information sharing among the Japanese public had progressed regarding the nonsensical "Quantitative Easing" (2001–2006) implemented by treacherous BOJ and Ministry of Finance bureaucrats—useless University of Tokyo graduates who doomed Japan to the "Three Lost Decades of Heisei Deflation." As a result, a tense atmosphere pervaded Japan that refused to tolerate figures like the BOJ's absurd Kazuo Ueda or Kyoto University dropout failure Naoki Tamura (who couldn't even pass the comprehensive national civil service exam that plenty of students from Waseda and Keio pass) mindlessly mimicking America's Jerome Powell and Lisa Cook by repeatedly hiking interest rates. Thanks to this, Japan in 2022 escaped the worst-case scenario seen in the U.S. and Europe, which suffered from high interest rates and high inflation, and managed to maintain low interest rates and low inflation instead.

https://gyazo.com/85395f810e3bb484bdd143b0dad47259

＞ * Nevertheless, the treacherous BOJ and the Ministry of Finance—financial terrorist organizations tainted by Marxist communism—have still not issued an official apology or made amends to the affected companies regarding their nonsensical "Quantitative Easing" (2001–2006).

＞ * The treacherous BOJ and the Ministry of Finance, financial terrorist organizations tainted by Marxist communism, must apologize immediately! Make amends to the affected companies now!

https://gyazo.com/371a281808d87a88b6c0571c44bc5bfc