WASHINGTON — In a new document released on Thursday, it seems the Federal Reserve is ready to act against inflation in the US. That is, they are ready to take measures to put brakes on the economy.
As if the Democrats coronavirus measures and proposed spending plans were not enough, the Fed appears poised to start raising interest rates in an effort to slow down the US economy. Reuters reported the release.
The idea is that through raising the interest rate, it will cause the US economy to restrict and help tighten labor markets and business across the country. It will increase the costs of doing business across the country and for consumers looking to borrow money for things such as homes.
As the prices go up, the investment by those businesses will go down, causing them to stop looking for additional help. But will that solve the problem?
The stock markets dropped at the news. Rising fed rates are bad for stocks and investors know it. They determined to take their profits and get out as quick as they could.
It seems the move is more about market manipulation than truly addressing inflation. If the radical left was truly interested in addressing inflation, would they not reduce spending and attempt to cut costs?
Instead, the government will take the cost to American businesses and consumers, forcing them into a government-created recession.
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If the Fed is serious, stop the lying thieving democrat war on energy. Ever since their war started inflation has roared. Energy costs affect EVERYTHING! Why is this so difficult to understand?
Here we go, get ready for Jimmy Carter era interest rate jumps. Somehow I don’t think that will translate to savings accounts.
Seems like if they stopped printing and spending money like it grew on trees would be a good way to stop inflation……. but I’m just a red state hillbilly so obviously I don’t understand the finer points of the economy. Unlike our Harvard educated “elites”, who have done such a bang up job handling my hard earned tax dollars.