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
If only you were Pres., Robert, things would be so much better. I mean that sincerely. What a mess the Fed is making of something that's already awful. :(
If we knew to whom to talk, whom to convince, we would have done it. Alas, we have no influence. And the Fed, and Jerome Powell, will bear no consequences.
We'd be better off increasing the minimum wage to $15 now and increasing it to $20 over the next 7 years. Increasing interest rates simply harms lower wage earners and keeps them down.
Solutions, solutions, solutions...why light a candle when you can curse the darkness and - if you're a republican legislator - get your constituents to curse it along with you?! My God, when will the voters wake up (and I don't mean become woke!)
Why were consumer interest rates allowed to be so high when the feds was near 0%? Savings rates aren't increasing. One would think we're a country of oligarchs
It seems as though the Fed is operating in 1946, when the only economy that counted was the USA’s. Fast forward to today, and the USA’s economy is no longer the 800-lb gorilla; and what’s happening around the world affects us like never before, so that raising interest rates in the USA no longer has the intended effect: to dissolve inflation.
I occasionally see the head of the Fed on the news and sadly he just doesn’t inspire confidence but instead brings to mind a “that’s the way we’ve always done it” image. In fact what often comes to mind is the old saying of “when your only tool is a hammer every problem is a nail”.
Ahh, but something tells me the majority of folks in control (mostly white men might I add) don't really care about most Americans at all; they got theirs and they keep on doing well, so why should they and their families worry? Sigh.
If only you were Pres., Robert, things would be so much better. I mean that sincerely. What a mess the Fed is making of something that's already awful. :(
If we knew to whom to talk, whom to convince, we would have done it. Alas, we have no influence. And the Fed, and Jerome Powell, will bear no consequences.
We'd be better off increasing the minimum wage to $15 now and increasing it to $20 over the next 7 years. Increasing interest rates simply harms lower wage earners and keeps them down.
Solutions, solutions, solutions...why light a candle when you can curse the darkness and - if you're a republican legislator - get your constituents to curse it along with you?! My God, when will the voters wake up (and I don't mean become woke!)
Why were consumer interest rates allowed to be so high when the feds was near 0%? Savings rates aren't increasing. One would think we're a country of oligarchs
Jerome Powell seems questionable. If I’ve heard right Elizabeth Warren doesn’t agree with the raise and she’s very good on finances.
Agree 1000% less 25% due to inflation!
Ok, let's do everything that you recommended, oh, we cannot do it. Why, because the Repubs and some Dems are against it.
Good try, professor.
As per usual, the working class will end up paying big time, while the rich continue to become richer. And, this is supposed to be a Democracy ?!
Submit to WSJ, NYT for op-ed
It is like the Maginot line built after WWI. Defense against a past invasion that didn’t address the forthcoming one
It seems as though the Fed is operating in 1946, when the only economy that counted was the USA’s. Fast forward to today, and the USA’s economy is no longer the 800-lb gorilla; and what’s happening around the world affects us like never before, so that raising interest rates in the USA no longer has the intended effect: to dissolve inflation.
I occasionally see the head of the Fed on the news and sadly he just doesn’t inspire confidence but instead brings to mind a “that’s the way we’ve always done it” image. In fact what often comes to mind is the old saying of “when your only tool is a hammer every problem is a nail”.
It's a shame that Biden didn't choose someone other than Powell. It's Republican loonesy.
Ahh, but something tells me the majority of folks in control (mostly white men might I add) don't really care about most Americans at all; they got theirs and they keep on doing well, so why should they and their families worry? Sigh.
The flogging will continue until attitudes improve.