BiggerPockets Money Podcast · Friday, October 2, 2026
Jay Scott acknowledges that the Fed made a significant error in 2021 regarding inflation but argues that their subsequent actions in handling the situation were reasonable. He contends that inflation has not been out of control since they began raising rates, suggesting that data would refute claims of poor management post-2021 miss.
“You know, I think what's interesting is I think we all agree that the Fed screwed up pretty bad in 2021. And then I think that people who have not been paying attention just kind of like damned the Fed from there. Right. But I would actually argue that the Fed handled things reasonably well from that period after that miss.”
“once they started raising rates, inflation has not been out of control. I mean, you'd have to, you have to be one of those people that argues the data is wrong, you know, in order to have that mentality.”