The Fed Sees the Recession Is Getting Worse
20 Sep 2022
Steve Forbes is a guy who knows about things like inflation and the economy.
He is right on the flat tax, and what he’s saying here about the Fed reate increase we’re getting tomorrow.
Will inflation start to come down? More than a third of the surveyed economists cautioned that the Fed will fail to adequately control inflation if it did not raise interest rates above 4% by the end of this year https://t.co/FSgwTUx2Mr pic.twitter.com/3HeNN1O8iF
— Financial Times (@FinancialTimes) September 20, 2022
Buying a home is about to get a whole lot more expensive.
Federal Reserve Chair Jerome Powell bluntly warned in a speech last month that the Fed’s drive to curb inflation by aggressively raising interest rates would “bring some pain.” Americans may now get a better sense of how much pain could be in store. https://t.co/K4duaE5U4s
— This Week (@ThisWeekABC) September 20, 2022
Democrats rely on delusion, sure, but also a degree of stubbornness in their refusal to accept that maybe they’re making bad decisions on the economy.
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