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It’s not “people” pressuring the Fed to lower rates, it’s one person in particular. All the other intelligent people around know that lowering interest rates wh
by Analemma_ 1y ago
It’s not “people” pressuring the Fed to lower rates, it’s one person in particular. All the other intelligent people around know that lowering interest rates when you just added a boatload of inflationary pressure is idiotic, but that doesn’t count for anything anymore.
- SamPatt 1y agoI hear you, he's the most vocal at the moment, but low interest rates have been popular among many policymakers and intellectuals throughout the history of monetary policy. _The Price of Time: The Real Story of Interest_ by Edward Chancellor goes in depth on this, a really interesting read.