“The plain fact is that inflation is too high and has been for too long,” Federal Reserve Chair Kevin Warsh said.
  • CubitOom@infosec.pubEnglish
    4·
    22 days ago

    I’m just trying to explain it in simple terms.

    I almost never hear economists explain why rasing rates is supposed to lower inflation. Or why it’s the only tool used to try to combat inflation.

    Every rate increase is a hope that people lose jobs. And it simply isn’t going to resolve our issues.