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E89: GDP growth negative in Q2, $SHOP layoffs, Alzheimer's fraud, Ginkgo acquires Zymergen & more
All-In with Chamath, Jason, Sacks & Friedberg
A Virulent Raised Rates Altho Pes Like 20 % Versus Three or Four %
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The president does not want you to raise rates going into the 84 election, full stop. And vulgars likel i wasn't planning on raising them. So there's a lot of politics in this, even though people claim lready done enough. We've never had c p i print above four and a half or five % without inflation being brought down by having fed funds not also be greater than 4 and a half/5%.
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