Federal Reserve Rings Every Alarm Bell About Trump’s Economy
Federal Reserve Rings Every Alarm Bell About Trump’s Economy
4 comments
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Though Powell didn’t name it, he was clearly referring to “stagflation: slow GDP growth, high inflation, and high unemployment. The Federal Reserve refused to cut interest rates on Wednesday, as Powell described the concerns with Trump’s economic plans.
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stagflation benefits the rich
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I'd be hard-pressed to find an economy other than socialism that didn't, and gestures at everything in actual practice by actual humans, maybe not that. Barter maybe.
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stagflation only hurts those who are not rich
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