The Federal Reserveâs decision to scale back rate hikes at their last two meetings will be âlooked at as an historic mistake because that refueled inflation,â Breitbart Economics Editor John Carney said in an interview Wednesday on Larry Kudlowâs eponymously named Fox Business show. âI think that a lot of people thought that inflation was
Carney on âKudlowâ: The Fedâs âHistoric Mistakeâ in Cutting Rates âRefueled Inflationâ
Fmr. Obama Treasury Counselor Rattner: We’ll Have ‘Higher Rates for the Foreseeable Future,’ Inflation Isn’t Declining Due to Stimulus
On Thursdayâs broadcast of MSNBCâs âMorning Joe,â Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, predicted higher interest rates âfor the foreseeable future,â and said that inflation isnât declining in part due to people still spending the large amounts of stimulus they got during the pandemic. Rattner also stated that
Fed raises interest rates again as unemployment nears record lows.
The Federal Reserve on Wednesday raised interest rates 0.25 points as the bank aims to prevent a tight labor market from driving inflation to unsustainable levels. The central bank raised the federal funds rate to a 1.75â2 percent target range, the second increase under Fed Chairman Jerome Powell. The Fed was widely expected to raise […]
Black, Hispanic unemployment rates hit record lows in April.
The unemployment rate for black workers hit the lowest on record in April, according to the latest jobs figures released by the Bureau of Labor Statistics Friday. The unemployment rate for black workers dropped to 6.6 percent, beating the previous record low of 6.8 percent set in December. The jobless rate for Hispanics fell to […]
Conservative Heritage Foundation Rates Trumpâs First Year Better Than Reaganâs.
News Flash to Conservatives in the Republican Party â According to the Heritage Foundation President Trump did an amazing job in his first year in office â even better than conservative and American icon President Ronald Reagan! The New York Times reported that the conservative Heritage Foundation ranks President Trump as doing even better than […]
GOOD TRUMP: Trump Plans Huge Cut In Corporate Tax Rates.
President Trump is having no truck with half-measures when it comes to spurring the economy to grow: he plans to fight for reducing corporate tax rates from their current 35% to 15%. Trump is ignoring those who cavil that the federal deficit will grow substantially because of the reduced revenue accruing to the federal government, […]