Even raising rates is inflationary when the government won’t cut spending. I’m wondering if they didn’t overshoot their inflation goals (probably closer to 10% right now according to shadow stats). The next step is a sovereign debt crisis.
THIS was a financial war crime, and NO ONE responsible will be accountable in any way for seriously harming hundreds of millions of Americans you don't see on CNBC every day. @federalreserve pic.twitter.com/0CeFVJnmHN
— Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) August 30, 2023
h/t Simian_Stacker