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761

Archive: https://archive.today/r4t0a

From the post: ``The Fed has held interest rates steady and warned that the risks of higher inflation and unemployment have risen. The central bank has held the benchmark rate between 4.25 and 4.5 percent, in line with analysts expectations. While the Fed rate does not directly affect rates for loans, credit cards and mortgages, it strongly influences them. Fed chair Jerome Powell said uncertainty about the economy has only increased in the first decision since President Trump unleashed a series of aggressive tariffs on much of the rest of the world. Powell said the possibility of the nightmare situation of stagflation - where inflation remains high and unemployment also increases - has increased, in a stark new warning.

Archive: https://archive.today/r4t0a From the post: ``The Fed has held interest rates steady and warned that the risks of higher inflation and unemployment have risen. The central bank has held the benchmark rate between 4.25 and 4.5 percent, in line with analysts expectations. While the Fed rate does not directly affect rates for loans, credit cards and mortgages, it strongly influences them. Fed chair Jerome Powell said uncertainty about the economy has only increased in the first decision since President Trump unleashed a series of aggressive tariffs on much of the rest of the world. Powell said the possibility of the nightmare situation of stagflation - where inflation remains high and unemployment also increases - has increased, in a stark new warning.

(post is archived)

[–] • 1 pt (edited )

Later it says the fed tries to keep inflation at 2% while Wall Street expect annual returns of 20% which is the true inflation and causes the dollars value and products quality to fall at that rate also.

If you use logic it seems they are the problem no the fed but the traders with insane expectations. I say tax them at the same rate as labor so they build shit instead of just investing in shit.

Then we'll have a strong country again but build domestically though the big boys will reject that without giving it a thought past the fuck it part.