Who could have seen this coming?

In July, we saw the seeds of the Democrats plan begin to take hold as several politicians took aim at Fed Chair Jerome Powell as poll numbers started to slide and the Midterms looked like being a disaster:

"It is important for the Fed not to overreach and trigger a recession unnecessarily, as part of its effort to bring inflation down," said Representative Hakeem Jeffries of New York, the No. 5-ranked House Democratic leader.

"Inflation is a global problem, and is actually not as bad in America as it is in almost every other developed economy in the world," he told Bloomberg.