. But the Fed chief signaled that a restrictive stance will almost certainly be necessary as the central bank tries to pump the brakes on the economy.
From right, Jerome Powell, chairman of the Federal Reserve; Lael Brainard, vice chair of the board of governors for the Federal Reserve System; and John Williams, president and CEO of the Federal Reserve Bank of New York, during a break at the Jackso Hiking interest rates tends to create higher rates on consumer and business loans, which slows the economy by forcing employers to cut back on spending.have nearly doubled from one year ago to 5.55%, while some credit card issuers have ratcheted up their rates to 20%.
Which combat are they talking? Isn’t the federal reserve private bank owned by the jews & printed too much money to get its stakeholders richer & created very high inflation ? Aren’t those evils that Lincoln fought? Wasn’t the main reason for civil war ? USA COVID19
Dems and RINOs traitors. President Trump best president ever
2 years of transitory wokeness got us here. Now he has to tank the economy.
Are we officially in a recession yet or are we still changing the definition of it?
It’s weird how the nation’s economic pain always seems to come from the same source.
Time for government to stop spending and return to basic fiscal economics … mange their own budgets like a household. Reduce expenses to what you can afford.
Doesn’t matter what Powell does as long as democrats keep spending inflation isn’t going anywhere. Biden will be remembered for a lot of bad things but the Afghanistan debacle and wrecking the economy will be his legacy after his one term.
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Source: NPR - 🏆 96. / 63 Read more »