Good job, Fed. You’re really hurting the average people and not dealing with the real cause of inflation. This is just “when all you have is a hammer” thinking. 🤬
Follow
@wdevoe I concur. We've not experienced this exact set of circumstances before; recovering from a global pandemic that seriously affected supply chain logistics, lowest unemployment rate in decades, wages up dramatically in some jobs, a war affecting food and fuel supply chains, corrupt OPEC decisions being made to further reduce the amount of available oil (MBS & Putin's way of interfering with our elections yet again). The interest rate increases are harming the economy for the middle class.
@wdevoe We definitely need legislation that would punish corporations proven to be price gouging!!