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“We will take the necessary steps to ensure a return to price stability,” Mr. Powell said Monday in remarks prepared for delivery at an economics conference in Washington, D.C.
It's a 'MUST'
So under Trump he kept them at 0, but under Biden he plans huge increases, when inflation is related to markets the U.S. doesn't remotely control. The price of oil in the international market doesn't give fig what U.S. interest rates are. Increase now will only add to inflation.
what's the plan of action Joe?
Creating a new property bubble, one which will put mortgage owners in negative equity...
They’re going to have to increase QE by $1T per year to get just three of these rate hikes and keep the US paying its interest payments.
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