Inflation and Recession

[Rodimus]

A Depression hurts the Poor and Middle Class, while a Recession hurts the Wealthy Class. The Chairman of the Federal Reserve Jerome Powell knows raising interest rates will not bring down inflation. Powell does not care about inflation. He is raising interest rates to prevent a Recession to protect the wealthy people.

 

[Moonglow]

When does the recession get here so the gas prices can bottom out and we can have deflation?

 

[Rodimus]

When does the recession get here so the gas prices can bottom out and we can have deflation?

The Alien Council said the economy is changing. I think this inflation is here to stay, unfortunately.

 

[Moonglow]

1914-2022 average inflation rate is
What is the highest US inflation rate in history?


What is the highest US inflation rate in history?


Inflation Rate in the United States averaged 3.29 percent from 1914 until 2022, reaching an all time high of 23.70 percent in June of 1920 and a record low of -15.80 percent in June of 1921.

United States Inflation Rate - December 2022 Data​

 

[Moonglow]

The Alien Council said the economy is changing. I think this inflation is here to stay, unfortunately.

Then raise yer prices.

 

[Toddsterpatriot]

The Chairman of the Federal Reserve Jerome Powell knows raising interest rates will not bring down inflation.

Why not?

He is raising interest rates to prevent a Recession to protect the wealthy people.

How does raising rates prevent a recession?

 

[Rodimus]

Then raise yer prices.

no. we want prices to go down.

 

[The Duke]

Does this thread have a link? It sure is crap.

 

[Rodimus]

Why not?

He is raising interest rates to prevent a Recession to protect the wealthy people.

How does raising rates prevent a recession?

I am no expert in the economy. I cannot explain this. I just wanted to relay the basic knowledge I have of what is going on with the Federal Reserve and our economy.

 

[Rodimus]

Does this thread have a link? It sure is crap.

sorry, no link. just my understanding of what is going on with our economy.

 

[Toddsterpatriot]

I am no expert in the economy. I cannot explain this. I just wanted to relay the basic knowledge I have of what is going on with the Federal Reserve and our economy.

What basic knowledge do you have that shows raising interest rates doesn't reduce inflation?

 

[Rodimus]

What basic knowledge do you have that shows raising interest rates doesn't reduce inflation?

Interest rates have been raised for some time now and it did not work.

 

[Woodznutz]

Does this thread have a link? It sure is crap.

Here's a brief one.

The Recession Will Begin Late 2023 Or Early 2024

Recession is very likely in America’s future, but it will take its time arriving. A long time to prepare will be valuable to those with foresight.

www.forbes.com

 

[Woodznutz]

Interest rates have been raised for some time now and it did not work.

Worked for me. My savings accounts are earning more.

 

[Toddsterpatriot]

Interest rates have been raised for some time now and it did not work.

You're basing your claim on 12 months of rate hikes?

 

[Dekster]

The gubbermint is trying to take back all the free cash they gave away during covid. The fed isn't going to stop until they see a marked rise in unemployment.

 

[Harpy Eagle]

A Depression hurts the Poor and Middle Class, while a Recession hurts the Wealthy Class. The Chairman of the Federal Reserve Jerome Powell knows raising interest rates will not bring down inflation. Powell does not care about inflation. He is raising interest rates to prevent a Recession to protect the wealthy people.

Raising interest rates is how you bring about a recession, not keep it from happening

 

[Rodimus]

You're basing your claim on 12 months of rate hikes?

Yes.

 

[Rodimus]

Raising interest rates is how you bring about a recession, not keep it from happening

I disagree.

 

[Harpy Eagle]

I disagree.

And you are wrong.