The Fed Has Made Zero Progress Fighting Inflation – Ep 847
The Peter Schiff Show Podcast
00:00
How to Fight Inflation With Negative Real Interest Rates
Despite all of these rate increases, interest rates remain negative. Even the yields on the six month, one year, two year US treasuries are still negative when you're looking at 8% inflation. This is not how you fight inflation. If the Fed was successful in fighting inflation, savings would be going up. Credit card use would be going down. The most important thing about fighting inflation with rate hikes is changing people's behaviors and their spending habits. But the Fed has not done anything to alter those habits. Americans are spending as fast as ever. They're borrowing as fast asever.
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