Aug 302022
 

The Federal Reserve plans to keep increasing interest rates until inflation goes down.

Low interest rates are not causing today’s inflation, so this tactic
is not going to achieve the goal until it creates lots of unemployment.

It strikes me that Powell’s real goal may be to undermine the wave
of unionization. His business cronies will surely appreciate that.

External feed Read More at the Source: https://stallman.org/archives/2022-may-aug.html#30_August_2022_(Federal_Reserve_plans_to_keep_increasing_interest_rates)

 2022-08-30  Add comments

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