Craig Bolanos is a financial expert with Wealth Management Group. He joined ABC7 Thursday morning with four things you need to do before the Fed raises interest rates.Step 3: Pay down your credit cardBolanos also explained how raising the interest rates can help reduce inflation.
The fed doesn’t control long term interest rates or print money, bank reserves are NOT money. Although the fed violated their charter 3/20 under “exigent circumstances” so who knows maybe they make their balance sheet legal tender. Then we get hyperinflation J powell-havenstein
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