@vegeta to politics • 2 days agoTrump accuses Fed, Powell of creating inflation on heels of rate decisionwww.cnbc.comexternal-linkmessage-square14arrow-up1106arrow-down13
arrow-up1103arrow-down1external-linkTrump accuses Fed, Powell of creating inflation on heels of rate decisionwww.cnbc.com@vegeta to politics • 2 days agomessage-square14
minus-square@satanmatlink22•2 days ago “failed to stop the problem they created with Inflation.” Yes… that pesky problem they created… they created? Dear god how do you look at him seriously?
minus-square@[email protected]linkfedilink4•edit-21 day agoThe Fed did contribute greatly to inflation with more than a decade of loose money for capital. But like other people said… They raised rates to try to stop it. It’s most likely not going to help inflation to lower rates. In general it’s an intentional boom/bust cycle that profits capital while impoverishing normal people via inflation.
Yes… that pesky problem they created… they created?
Dear god how do you look at him seriously?
The Fed did contribute greatly to inflation with more than a decade of loose money for capital.
But like other people said… They raised rates to try to stop it. It’s most likely not going to help inflation to lower rates.
In general it’s an intentional boom/bust cycle that profits capital while impoverishing normal people via inflation.