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1. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Wednesday, 15-Jun-2022 19:12:27 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
   https://finance.yahoo.com/news/fed-fomc-monetary-policy-decision-june-2022-120337242.html[finance yahoo com] #Fed raises the federal funds rate by 0.75%, signalling an aggressive stance against inflation.
   
   I think they're still responding too slowly. The danger is that they will continue to fall behind the price increases, leading to larger increases later in the year and overshooting. This could in turn lead to a steep recession.
   • LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Wednesday, 15-Jun-2022 19:42:11 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}

     in reply to

     • Economics of the US Economy
     More on the #Fed rate hike. https://www.usatoday.com/story/money/2022/06/15/fed-interest-rates-hike/7631195001/ [www usatoday com]
     
     !econusa
     
     I think Powell's misanalysis of the causes of the current inflation spike may very likely cause the Federal Reserve's #FOMC (Federal Open Market Committee) to raise rates too much and too late, tipping the economy into recession.