F**K The Fed

[gab13by13]

We can't indict a former president, who stole our most top secret documents, within 30 days of an election, but Fed chair Jerome Powell can once again crash the stock market right before the election with his interest rate hikes.

It seems to me that following rules only applies to Democrats.

In the words of Liz Warren to Jerome, how many jobs are you going to cut now?

The plan to lower inflation seems to me to be to put people out of work so they can't afford to buy things which will help the supply chain. Plus my investments keep tanking.

[CrispyQ]

1. Trump showed us how much of our government has been based on an honor system.

Our side still honors that system. Their side doesn't.

I know people get tired of hearing that this is the most important election, but until we put down this Christian white nationalist movement, every election will be the most important.

Also, if Americans had voted in every election for the past 40 years, like it was the most important election, we might not be in this mess.

[JohnSJ]

2. Remember Paul Volcker? He slammed the brakes on the economy by raising interest rates to 20%, and

Volcker was a Democrat. What do you think happened when Volcker did that?

The problem that Powell is facing is not all inflation can be curbed by interest rates alone.

However, housing prices are pretty unaffordable for a lot of people, and that is one thing that will be affected by interest rates.

The big problem was interest rates were artificially kept too low for too long, and now they are being normalized to what they should be

[spooky3]

3. Rates have already affected home sales in my neighborhood. Nt

[jimfields33]

4. Bingo! Interest rates should have started going up beginning 2021.

Had we done that, things could look extremely different.

[JohnSJ]

7. Yes, even earlier perhaps.

[TheRealNorth]

5. How about tax the rich....

So that basic human needs like housing and energy don't get treated like a fucking speculative commodity because that's the only way they can make more money.

[Darwins_Retriever]

6. Fed has always been a one trick pony

To them, inflation is always caused by too much money in the economy, so increase interest rates. Deflation, lower interest rates.

They need to consult other economists to figure out why inflation is worldwide and why corporate profits have increased at the same rate as inflation.