We should be headed back to 1983.
There is so many dollars swamping the money supply, interest rates need to be high to drain out a massive amount of excess dollars.
Inflation is a lot higher than the Biden administration is willing to admit in an election year. It is at least 12%.
Inflation will eat away at the economy if it isn’t controlled soon.
Government also needs to be cut drastically. Imposing a hiring freeze on the Federal Government would be a good start.
“There is so many dollars swamping the money supply, interest rates need to be high to drain out a massive amount of excess dollars”
Correct, but I think inflation is a way that the big guys exploit we little guys.
Yep. Watch the first quarter of the Trump administration they’ll finally admit to a real inflation rate.