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> that the fed is intentionally raising rates to wrest back some power from workers The fed is increasing interest rates to keep dollars attractive as a world
by w1nst0nsm1th 4y ago
> that the fed is intentionally raising rates to wrest back some power from workers
The fed is increasing interest rates to keep dollars attractive as a world currency and allows the US governments to keep increase national debt whithout sending interest rate of through the roof.
It may seem counter-intuitive, but letting inflation going out of control would have a major negative impact on demand of debt issued in dollar or, to make it short, US government debt.
The only alternative would be to fund government spending with government revenues. Which means, increase taxes for categories of revenues which amount the most in national revenues.