RE:RE:RE:Fed jacks rates 50 points this time.Government is of course the primary cause of the debt crises and resulting inflation we have today. To fight a once in a century pandemic, sure they could have just let nature run it's course, with no shutdowns or intervention. But, I believe it would have globally been worse to do nothing and we'd be dealing with a deep, hollowing out depression now rather than facing a mild recession.
mouserman wrote: Much easier to blame the working class for the inflation woes , instead of the govt's creation of trillions of dollars for easy money to fight a flu pandemic . In turn that created shortages with lockdowns which hiked prices up , not to mention the Ukraine situation . Higher interest rates aren't going fix those mistakes. But it will create a bigger divide between the 1 % and the rest of the world.