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Interest rates were increased by the federal reserve to ultimately try to increase unemployment to hopefully decrease inflation. This is working by increasing t
by lovich 4y ago
Interest rates were increased by the federal reserve to ultimately try to increase unemployment to hopefully decrease inflation. This is working by increasing the cost of capital
- nathanaldensr 4y agoI would characterize it as "this is working to end almost two decades of free debt grift."
- lovich 4y agoYou could, but that would be ignoring the federal reserves own statements about why they are doing this[1]. It’s not a conspiracy to think they are trying to raise the unemployment rate, they’ve been very open about it [1] https://www.cbsnews.com/news/fed-interest-rate-hikes-unemployment-increase-layoffs-inflation/ https://www.cbsnews.com/news/fed-interest-rate-hikes-unemplo...