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Fed hikes rates as inflation worries push up bond yields

184 points · 250 comments · wslh

dabinat · 1789588567 · focus · HN ↗
Prediction: this causes a recession in two years, right after a Democrat wins the White House, who will be blamed for it. The economy will turn around after a few years, just in time for a Republican to win and claim they fixed it.
This is how Republicans have a reputation for being economically savvy despite actual evidence to the contrary, because the general population doesn’t understand that economics runs on a time delay.
1. jameslk · 1789589453 · focus · HN ↗
  Both parties are responsible for the inflation and debt. Fiscal policy is largely driven by congress, not the president
  1. [deleted] · 1789589734 · focus · HN ↗
    [deleted]

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