I agree with almost every other point except that the writing is beautiful and cannot be reproduced due to the limitations of English.

tldr is higher for longer
Of course, it would be better if there was some data to support it, such as the quantitative impact of strikes on the economy.
Powell's idol Volcker once said that it is difficult to control inflation with a fixed inflation target (such as 2%). Lao Bao doesn't know this.
But we certainly can’t say that now until inflation control is over.
Let’s talk about conspiracy theories. In fact, inflation is not a big problem anymore. The key is the new Cold War, and interest rates are one of the main weapons.