The Fed is still way behind the curve
Fed raises interest rates by largest amount since 1994 to fight inflation
The Washington Post makes this sound like a big deal, but in 1994 inflation was only 2.6%, now it is over 8%. And in 1994 the overnight interest rate controlled by the Fed was 4.2%, now it is only 1.6%.
Note that back in 1994, the Federal Funds rate was higher than the inflation rate, while currently the inflation rate is more than 4x the newly-raised Federal Funds rate.
The Fed has so much farther to go to get ahead of inflation, I would fire all of them.
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Inflation could put election deniers in charge of our democracy
Yes, Washington Post, yes, because Democrats are denying what the voters want them to do. The voters want them to address inflation, but they aren't. There are two ways to be in denial of democracy: (1) refuse to accept the outcome of an election, and (2) refuse to do what the voters want you to do. In the US, voters are merely props for the candidates funded by the billionaires. If the voters don't vote for me, I'll lie and say they did. If the voters do vote for me, I'll ignore their needs. This is US "democracy" in 2022.
The Washington Post makes this sound like a big deal, but in 1994 inflation was only 2.6%, now it is over 8%. And in 1994 the overnight interest rate controlled by the Fed was 4.2%, now it is only 1.6%.
Note that back in 1994, the Federal Funds rate was higher than the inflation rate, while currently the inflation rate is more than 4x the newly-raised Federal Funds rate.
The Fed has so much farther to go to get ahead of inflation, I would fire all of them.
-----
Inflation could put election deniers in charge of our democracy
Yes, Washington Post, yes, because Democrats are denying what the voters want them to do. The voters want them to address inflation, but they aren't. There are two ways to be in denial of democracy: (1) refuse to accept the outcome of an election, and (2) refuse to do what the voters want you to do. In the US, voters are merely props for the candidates funded by the billionaires. If the voters don't vote for me, I'll lie and say they did. If the voters do vote for me, I'll ignore their needs. This is US "democracy" in 2022.