It is now clear that the Fed is being far too aggressive with its rate hikes. The current spate of inflation is overwhelmingly being caused by factors outside the Fed’s control, and these blistering hikes may have already tipped the American economy into recession. But if it simply backs off, there is still a good chance that inflation will cool off of on its own.
detailed, the source of inflation has shifted considerably over the last year. At present, it is primarily coming from three main sources: energy, housing and groceries. The reason for rising costs in these areas aren’t ones that interest rates will likely affect. First, the Covid-19 pandemic caused enormous disruptions to economic production throughout the world, which will take years to repair. Those disruptions are ongoing in the largest manufacturing nation on Earth, China, thanks to its strategy of suppressing the spread of the virus with
It's so boring in this quarantine
How is it possible that we have a Fed that is so far away from the contingencies of the economy. Raising interest rates to 'control' inflation is a destructive strategy for the economy. It does not control inflation, it punishes the consumers for the actions of business! Unreal!
Sorry about your luck…why don’t you put in for the job and do what you think is right i stead of spouting Bullshit
3 strategies: Impeach Biden and remove him from office
Wait, you must be mistaken 🤣
Keep your eyes on the prize mi Amigos - Democrats own highest inflation, own highest ⛽ gas prices, own highest crime in US Cities ever and zero baby 🍼 formula, not enough monkey 🐒 pox vaccines and they don't have any time left to correct any before November.
Maybe I’m missing something, I can’t consistently balance my checkbook, but how do historically high prices, and historically record profits, equal “inflation,” and not the money grubbing, price gouging of greedy capitalists?
COME ON ITS ALL ABOUT CAPITALISM . AND PEOPLE HATE COMMUNISM, FASHISIM, THERE ALL ISIMS. 😡
You mean spending another 4 trillion in the last 18 months won’t help inflation..was this site hacked.
Thank you Biden.
This cannot be from MSNBC it reeks of truth
If only Trump was still potus. Oh well not long now.
Every decision this administration has made has screwed 'we the people'
$70 Bn to Ukraine is another big scam
The Congress may have spent $6,000,000,000,000 to cause inflation. But hey, maybe more spending will help.
This is great news. More for liberals to cry about.
Krugmanism is killing this country.
Was Biden’s week too good for clicks ?
Democrats have been impoverishing Americans for 40 years now
Yes, increasing interest rates punishes the American consumer for the acts of predatory businesses! The amount of money in the economy is not a direct driver of inflation. Price gouging or increasing prices to produce profits that are misaligned with costs increases inflation.
I am glad I am not the only one seeing it this way, I called this approach to controlling inflation archaic in my YouTube channel, I know nothing about economy.
They want them that way! They want it down. Can't afford the job skills training decline to a time they can relate to that only a fool would want! Like things!
Congressional spending and the green fascists are impoverishing us, they just doubled down on stupid with their new bill.
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