Progressives Fume as Fed Holds Working Class Hostage With High Interest Rates (www.commondreams.org)

submitted 2 weeks ago by TokenBoomer@lemmy.world to c/progressivepolitics@lemmy.world

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"The last thing Americans need right now is another threat to their wallets from the Fed," said one Democratic congressman.

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[-] joekar1990@lemmy.world 3 points 2 weeks ago

Agree, lowering interest rates would be a bandaid trying to stimulate spending again since most large purchases would be with debt. It's funny the article even calls out some issues that congress can work out like high rent and record profis. It's the same when student loan forgiveness is mentioned, yes you can forgive the debt but it doesn't solve the core issue.

this post was submitted on 13 Jun 2024

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