A UN agency wants the Fed to slow its interest rate hikes

cnn via msn ^ | 10/4/2022 | Nicole Goodkind

[RomanSoldier19]

he Federal Reserve’s aggressive tightening policy has led the US dollar to appreciate to multi-decade highs, squashing currencies around the world.

Now, a United Nations agency is warning that its actions, along with those of other central banks, risk pushing the global economy into recession.

What’s happening: In a new report, the United Nations Conference on Trade Development (UNCTAD) said that tightening monetary policy, meant to fight inflation, could inflict worse damage globally than the financial crisis in 2008 and the Covid-19 shock in 2020.

[RomanSoldier19]

[Sacajaweau]

The UN will decide our monetary policy?? In what Universe...

[kabar]

The globalists are in charge. Look to the Fed to slow down their rate hikes. Wall Street and the globalists along with Biden say Basta! No mas.

[I want the USA back]

No part of the UN has the right to say anything about what our government does. Go away, world government fascists!

[1Old Pro]

One world order?

[EEGator]

Good ol’ Mike Burry.

[Mouton]

Just listening to Cathy Woods who said she expects the fed to change course due to diminished commodity prices. Funny how these ideas trend amongst the intlelligencia all at the same time. Cannot have a strong dollar you know. Kind of like how the media all has the same issues to stress at the same time and in the same manner. So, expect to see them pause their increases.

[RatRipper]

Saw an article this morning that said the higher interest rates are hurting China more than anybody. THAT is why we are hearing this out of the UN. My answer: another 200 bp short term ought to help. I know it hurts our RE market, but RE is way over-priced anyway. The Chinese have stolen just about every bit of technology they have. Squeeze their thieving a$$es hard!!!!

[Tilted Irish Kilt]

Sacajaweau :" The UN will decide our monetary policy?? In what Universe..."

Exactly true !
The UN wants to tax the nation
but they have NEVER undergone an independent audit (!)

[kabar]

The strong USD is hurting most of the world mainly due to the fact that oil and gas are priced and traded in dollars. It costs nations more money to purchase energy, especially the underdeveloped countries, which must subside costs for their populations. High energy costs and shortages are sparking civil unrest. And they are further bankrupting these countries.

Europe is in a similar predicament as they must purchase energy using currencies to purchase dollars that are declining vis a vis the dollar.

[nitzy]

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