Jpow needs to become Volker 2.0 and just rip the band aid off. Let's go 20%
this post was submitted on 14 Jun 2023
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They're trying to find the middle ground. More 0% rates would destroy the economy with inflation, but 20% rates would destroy the economy with corporate slowdowns and great-depression scale unemployment. Inflation is high but trending down so they think the current policy is working.
They are pausing rate hikes because inflation has slowed down.
Are you divorced from reality?
No, quite the opposite. What I said is correct, which you can verify by looking up inflation figures, but I'll save you the trouble.
US Inflation Rate is at 4.05%, compared to 4.93% last month and 8.58% last year.
https://ycharts.com/indicators/us_inflation_rate
Also, it would be great if, in the future, you could put some more thought into your choice of words. We can disagree with each other without such a hostile tone and if I understand correctly, especially beehaw is trying to be a bit of nicer place and you weren't very nice in your comment to me.
Lol. Taking full advantage of downvotes being turned off. I can respect that!