Sound On: Recession Threat, Biden-Xi Talks, Sanctions
Balance of Power
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Maya, Are You Concerned That the Fed Hiking Ends?
maya mc ginnis: I think one would be foolish not to take that as a serious threat. We have this huge amount of inflation, wh which has been, people have been slow to catch on how permanent it was and how high it could be. But also because we have this mass of atthirty trillion total, 23 trillion debts owed to the public on every increase in interest rates leads to higher interest payments,. It contributes to a lot of pressure on our budget and possibly pushing us back in a recession.
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