Oh Well
A
Might be President Biden who is playing with fire by not firing Powell. It will be Biden, not Powell, who will be blamed in the end for Powell's tax increases on struggling people. Biden needs to get rid of Trump holdovers who proved they were loyal to Trump.
Robert Reich @rbreich
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
04:23 PM - Mar 22, 2023
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