‹ BackHN Continuity

Thread

Fed hikes rates as inflation worries push up bond yields

184 points · 250 comments · wslh

  1. dabinat · · 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. jimmar · · focus · HN ↗
      So, you're aligned with President Trump who wants to cut rates, then?
      1. hedora · · focus · HN ↗
        I read the comment as: Trump’s policies are all forcing the US into stagflation so hard the fed has to do this, knowing it’ll cause a recession.

        Fed actions typically take a few years to be felt, regardless of administration.

Open on Hacker News to reply ↗

Unofficial Hacker News client; not affiliated with Y Combinator.