Powell says Fed has made 'quite a bit of progress' on inflation but needs more confidence before cutting (www.cnbc.com)

submitted 3 months ago by SeattleRain@lemmy.world to c/housing_bubble_2@lemmy.world

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[-] Reverendender@sh.itjust.works 7 points 3 months ago

I hate this out of touch fuckstick so much

[-] SeattleRain@lemmy.world 4 points 3 months ago

Yeah, historians are going to look back at this time period and realize it was a depression.

[-] gibmiser@lemmy.world 21 points 3 months ago

We don't need lower interest rates, we need businesses to pay their employees. We need price controls on medical care and housing. We need legislation. Laws, not free money for banks.

[-] Zachariah@lemmy.world 7 points 3 months ago

Yeah, any reduction in greedflation was because consumers simply cannot pay those prices. Nothing to do with the interest rates.

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this post was submitted on 02 Jul 2024

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Housing Bubble 2: Return of the Ugly

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