Posted on 08/29/2022 9:31:34 AM PDT by MtnClimber
Like a fussy old librarian, Elizabeth Warren is suddenly all worried about the Federal Reserve tipping the economy into a recession with its coming rate hikes, a topic she's never shown much concern about until now.
According to Reuters:
WASHINGTON — Sen. Elizabeth Warren said on Sunday that she was very worried that the Federal Reserve was going to tip the nation’s economy into recession and that interest rate hikes would put people out of work.
“Do you know what’s worse than high prices and a strong economy? It’s high prices and millions of people out of work. I am very worried that the Fed is going to tip this economy into recession,” Warren, D-Mass., told CNN on Sunday.
The U.S. central bank’s chief, Jerome Powell, warned on Friday that Americans were headed for a painful period of slow economic growth and possibly rising joblessness as the Federal Reserve raises interest rates to fight high inflation. Powell said in a speech on Friday the Fed will raise rates as high as needed, and would keep them there “for some time” to bring down inflation that is running at more than three times the Fed’s 2% goal.
So you see, she'd prefer we continue to have high prices -- high, higher, highest -- soaring to the Venezuela-style levels, instead of the Fed taking the only known action that can stop the godawful dynamic. That's because rate hikes, which are done to kill off inflation, have these other unpleasant consquences.
She's perfectly right about that, but does she know what she's talking about? About as much as she knows about Native American cuisine and what to serve at Pow-Wow Chow.
(Excerpt) Read more at americanthinker.com ...
Does Warren really believe anything she says? I doubt it.
Highcheekbone, so sorry good wampum will be going the way of lost wolf. Chief moneybags Fed Chair keep printing money at pace of diving falcon. Tribe of elected chiefs in Fed Gov high on peace pipe of spending.
mangy beaver isn’t smart enough to understand the business model of a lemonade stand...
Socialist Democrats are TERRIFIED of their upcoming loss of POWER in November.
We are hearing from EVERY Talking Head Socialist and every RINO out there.
Very predictable. (See Mid terms, 2010 and 2014.)
Also very predictable? The stunning Republican SILENCE when they should be making hay out of ‘The Disaster That Is Brandon!’
So frustrating!
She thinks that crisis pregnancy centers are a threat to civilization. Enough said.
Stupid worthless steaming piece of excrement.
“Fake Indian”
Not from Bombay?
How many years was she ‘doing’ Harvard?
What does that tenure and her ignorance say about both?
Then again, what does her election say about the voters of Mass.?
I’m sure Faukahauntus would never intentionally be a Lieawatha. Its all just a misunderstanding.
Just because you were conceived in the backseat of a Jeep doesn’t make you a Cherokee, Liz.
Of course she does. Shes just an idiot. We are already in a recession because the Fed waited so long to cool things down. When you print endless cash this stuff happens.
Perhaps cutting spending is something she, in her infinite economic wisdom, could research and advocate for.
LOL - good one.
Her math is like Lou Costello’s math.
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