BIDEN ECONOMY: FED Increases Interest Rates Again - This Time Nearly One Percent (.75%) - The FED's Only Answer for Inflation
Biden’s Federal Reserve Chief Jerome Powell and the FED increased the FED Funds rate again today. The Biden team’s only answer to the 40-year-high inflation rates is to increase interest rates to try to contain this record-setting inflation. The Daily Cal...
TBH, they wrecked the economy with their ideology, and now they will make the people pay for it. Double whammy.
Also, it is the only toggle they think they have, to control inflation.
Those are rookie numbers. Look back at the early 80’s.
8% Mortgage anyone ?
Back in the 90s it was like 12. My step father laughs about how cheap it still is
I know ! paid 6.75 in 1993 then 3.875 in 2015 things were significantly less then. I couldn't afford my house @ 8% now.