Robert Reich
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Once again, interest rate hikes are going to fall hardest on low-wage workers and the poor — the same people who have already been hurt the most by rising prices.

Higher rates could also imperil more banks, and risk even more financial chaos.

The Fed is playing with fire.
03:55 PM - Mar 22, 2023
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Ei McDonough
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In response to Robert Reich.
This is what irks me the most. Consumers have no control over the causes of inflation, but they're the first one to get hurt and the ones who pay the most when the Fed raises interest rates
06:10 AM - Mar 26, 2023
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Jami Alene
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In response to Robert Reich.
And not helping anything IMO. Certainly not my retirement accounts.
07:33 PM - Mar 22, 2023
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Prefab Spout
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In response to Robert Reich.
Is this hike tied to the job vacancy rate to force workers to take jobs they wouldn't normally?
04:51 PM - Mar 22, 2023
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Doug Horne
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In response to Robert Reich.
Interest rates should not have been kept low for the last 20 years. Anyone over 50 knows that rates fluctuate for a reason but they have barely gone over 4% since 2003. We made this situation and now people will pay for it.
04:17 PM - Mar 22, 2023
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Yvette
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In response to Robert Reich.
I feel very badly for people in credit card debt or those with adjustable rate mortgages. They sent me an advertisement yesterday for a credit card with a 0% interest rate for 6 months then it would go up to 29.4%! That’s just insane. The rich get richer. The rest of us are lucky to tread water!
03:59 PM - Mar 22, 2023
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