the Fed has raised interest rates on purpose to slow down the economy and it always goes too far. In this case, high oil prices which are a result of Biden’s war on fossil fuel & war, has driven up consumer prices, and the Fed should not interfere with markets in thinking by raising interest rates , it can fix a problem that’s not a problem unless one does not share Biden’s globalist view about climate change and green energy. Once demand for oil falls significantly, oil producers will just keep cutting production to keep prices from falling, while meanwhile back in the states, we will suffer a crash and recession. And what will the Fed do when that happens? They will allow more inflation & cut interest rates as budget deficits soar as government spending increases, then politicians from both parties will urge tax cut or more spending and even BIGGER deficits to get us out of recession.....ie, cause even MORE inflation. So really, what is the point of raising rates so high it already is killing small business and the little guy. Powell and the Fed really should just tell people that the inflation is market driven and policy driven and the politicians need to fix the deficit. The Fed has a dual mandate to avoid recessions, not cause them.
This is a lie. The fuel price increases started a full year before the Ukraine war. That’s a verifiable fact. Biden’s frist act the first day in office was to shut down the Keystone pipeline. Buden has bern at war with petroleum and gas since day one.
Because you’ve deliberately lied, I wonder who you’re shilling for? Is Soros paying you to deliberately misinform?
The FED has one single mandate, profits for its 300+ shareholders. That’s it!
Any other perceived mandate is window dressing.