Viewing a single comment thread. View all comments

TexButtery t1_j32k3mr wrote

Reply to comment by Most-Resident in US jobless claim applications fall to lowest in 14 weeks by AudibleNod

The fed wants inflation at or under 2.5%. They have a lot more work to do.

17

whynotjoin t1_j334t01 wrote

The Fed feeling like they gotta drive the economy into the ground and ruin lives because congress won’t do anything is just so absurd.

The Fed keeps hammering away instead of asking for more/better tools or throwing the ball back at Congress for its failures. Particularly given how many of the issues causing inflation stem from things interest rates aren’t going to help without widespread pain- and likely unnecessary long term negative impacts.

Particularly given the Fed is also fighting potentially permanent/very long term shifts in the labor force that have been predicted for decades and were finally accelerated by the pandemic.

8

TexButtery t1_j34twg2 wrote

The interest rates need to be higher. It encourages saving and less credit/loan usage.

Interest rates set near zero for years is asinine.

0

whynotjoin t1_j34uahl wrote

Yes- however the speed they are doing it now is just as ridiculous as having them near zero for so long. Particularly given so many of the issues impacting the current inflation are minimally impacted by interest rates.

2