The Socialist Program with Brian Becker cover image

Stocks Crash & Rebound: Is a New Recession Coming?

The Socialist Program with Brian Becker

CHAPTER

The Impact of Interest Rate Hikes on Working-Class Consumers

This chapter examines the consequences of the Federal Reserve's interest rate hikes on the working class, highlighting how increased costs are transferred to consumers. It critiques the Fed's approach and suggests that viable alternatives to manage inflation were ignored, raising concerns about economic inequality.

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