A Recession Is Coming? In This Economy??
The Socialist Program with Brian Becker
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The Bidin Administration Reappointed Mister Powell as Head of the Fed
Biden administration reappointed mister powell as head of the fed. Even though he's a republican, and even though he was put there by trump et, cetera, etc., they're keeping him there. By raising interest rates, you cripple people who are either already in debt, or you dissuade people who o were thinking of borrowing money. The same applies to your credit card. We're all going to see higher monthly bills there as the interest rate charged on our outstanding balances goes up. And finally, students will actually not get the relief they were promised by mister baton as a candidate.
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