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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. kccoder · 1789610461 · focus · HN ↗
    The BBB, Iran war, and tariffs, something done solely by republicans, sometimes just the president, are the source of inflation, so you can attribute this situation mostly on Trump, and fully on republicans.
    jameslk · 1789613606 · focus · HN ↗
    Higher inflation rates started before any of those, but those things didn’t help

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