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Biden hasn't done anything to cause a recession. His party has done the opposite, if anything (although that's complicated and debatable). The Fed, on the othe
by smt88 4y ago
Biden hasn't done anything to cause a recession. His party has done the opposite, if anything (although that's complicated and debatable).
The Fed, on the other hand, is trying to move toward recession, or at least lower employment, by raising interest rates. They see low inflation as being preferable to high employment and rising prices.
There is no good outcome when global supply chains and investors have been shocked by a pandemic and then a major land war.