A little bit of everything
The campaign of Vice President Kamala Harris stands to benefit from the Federal Reserve Board’s recent decision to slash it’s benchmark interest rate by half a percentage point, analysts said.
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The same voters who will blame the Democrats for the recession we may be about to have, but which the FED has caused… Vice President Harris should talk to voters about changing the way government manages the economy.
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Increasing interest rates is making matters worse and hurting the real families who, collectively, comprise the economy we’re always talking about. What can we do about it? Congress needs to modify the language of the Fed’s independent agency status and rescind the Fed’s authority to make economic policy outside of representative government. Take the Fed out of business of fighting inflation.
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Presidents tend to get both the credit and the blame for a wide range of issues that are largely beyond their control such as the employment rate and wage and price variations. But what about Congress? Or what about that lesser known entity, the Federal Reserve?
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My argument was that inflation in the Consumer Price Index (CPI) is a composite of what’s happening in various inter-related, but still very different markets for products and services in various locales around the country.
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The prices of consumer products have gone up, some more so than others, because of issues in their respective submarkets. In a world of microeconomics, national, indiscriminate, macroeconomic monetary policy is a gross instrument with limited power. It’s the dumb bomb when what we need are precisely targeted policies capable of dealing delicately, but nonetheless effectively with highly variable, complex market relationships with minimum side effects.
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Even having a good-paid job doesn’t always allow people to acquire everything they want. You may work hard day after
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WASHINGTON – The Federal Reserve decided Wednesday to keep interest rates at the current level, the central bank’s Federal Open Market
Read moreA study conducted by Finder shows that 34% of the Americans have taken a personal loan in the past year.
Read moreIf you’re facing a short-term cost or you need to make a purchase, the thing you will most likely apply
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