Spend more money. That's the plan. Ask Joy Reid.
Not a lib but the plan is pretty obvious
You're phony concern over inflation rates while actually relishing the numbers is laughable. What's the plan? Obviously, raising interest rates will reduce demand and lower inflation.
Raising interest rate Will increase interest on us debt
The Fed needs to raise rates gradually so that the economy slows just enough to bring down prices without boosting unemployment too much. The demand-supply mismatch is the simple reason behind most inflation, including now. If Biden policies are the sole cause for this then why are inflation rates at record highs across the globe?
Because as America goes so does the whole world we are the largest economy. The dollar is the standard
I could have written that response before you answered as that is always the standard reasoning. We don't export inflation and the problem is not specific to the U.S. GLOBAL inflation has been driven by GLOBAL supply chain disruptions and pent-up consumer demand for goods, not one leader's policies.
Broken record- give it a rest. Read Larry Summers and learn something.
"Read Larry Summers"-Broken record-give it a rest." Summers claims don't express an economic truth. He is prominent among economists who are deeply implicated in building the system at the heart of our current predicament and setting up our economy for failure! He also resigned as Harvard's president in the wake of a no-confidence vote by Harvard faculty.
Why do you think drastic measures are needed? Don't you think if the Fed gradually raised interest rates it would lessen demand and ease inflation? It would also allow supply chains time to better meet demand. I don't understand what "drastic measures" you think are necessary.
Because the $ is weak, demand soared as previously discussed at a time where suplly chains were hampered. The FED is WAY behind the curve here and very late to react exacerbating an already bad situation.
Many on here won't understand but the concept is sound and FED has no choice here.
I don't believe gradually raising abnormally low interest rates would throw the economy into recession and would be a reasonable way to ease soaring inflation.
The U.S. dollar, rather than getting cheaper, appreciated against its peers. Demand for dollars was so high that the Federal Reserve set up swap lines to lend dollars to other countries' central banks.
It is the ONLY weapon the FED has in their arsenal. They responded too slow.
Dude stop spitting nonsense. USE YOUR HEAD!
Please look at the 5 year chart and note the steep drop which began in early 2020 and the recent strengthening as interest rates were expected to rise, actually increased, and war broke out.
www.marketwatch.com
What's your excuse for Robert Rubin and Steven Rattner saying the same thing? BTW, Summers predicted this would happen right after Biden took office and warned him about the spending.
MM- If you cannot receive the product to produce the goods, how do you meet the demand? My backorder log is out of control due to the supply chains. When/if I do receive goods to produce the product, I have to raise prices as containers of so called product have gone from $1500-2500/per container to $20k-35k/ per container pending what is in there. How do you think my consumers feel?
The value of the U.S. dollar remains strong and has been the go-to currency during all this turmoil in the world economy!
Mike I write you an answer AND I CITE and PRODUCE the Dollar index chart and ask you to look at the 5 year chart. The decline started in early 2020 and continued until ONLY recently when war broke out in Europe and interest rates were raised. Markets anticipate moves and the dollar began to strengthen when the FED changed their policy from Interest Rate neutral to increased rates.
