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Rhetorical. Is this by design as it appears this recession is intentionally created by the Fed.
by shaburn 4y ago
Rhetorical. Is this by design as it appears this recession is intentionally created by the Fed.
- rhelz 4y agoOf course its intentional! The charter of the Fed is to keep inflation low while keeping employment high. By this measure the Fed is doing great: 1. Inflation has come down from a high of 9.1% in 6/22 to 6.4% today, and will continue to shrink. 2. Current unemployment rate is around 3.4% which is just crazy low.
- shaburn 4y agoI think Jay Powell is one of the most unsung heroes of the day.