Commentary It’s like Jeopardy on acid. I’m talking about the blizzard of guesses surrounding the Fed’s rate-hiking plans to combat this bout of inflation. What is 50 basis points in March, Alex? I’ll take seven rate hikes this year for a thousand.  The reality is most of this speculation doesn’t matter. The Fed has never embarked on a monetary tightening that hasn’t resulted in a bad outcome (read… recession). But this time the mountain of money they created is so large, when the bubble pops, gum is going everywhere.  Letting the Market Down Easy Throughout history, or at least since Paul Volcker dropped the hammer on the 1970s inflation, the Fed has tried to be more accommodative of the market in terms of signaling its monetary intentions. To let the market down easy.  Last year as inflation blasted off, the Fed continued to soft pedal its potential impact. “Transitory” was …