Robert Reich

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Why today's decision by the Fed is dead wrong

robertreich.substack.com

Why today's decision by the Fed is dead wrong

Robert Reich
Jul 27, 2022
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Share this post

Why today's decision by the Fed is dead wrong

robertreich.substack.com

Today, the Federal Reserve raised interest rates by three-quarters of a percentage point in order to battle inflation, even as the economy has begun to slow. This follows a quarter-point move in March, another half a point in May, and three-quarters of a point in June. The Fed also signaled in its post-meeting statement that more rate increases are to c…

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