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US interest rates raised for first time in three years

121 points · 126 comments · higginsniggins

  1. aurareturn · · focus · HN ↗
    This administration wants lower rates. Also this administration does everything it can to increase inflation such as tariffs and starting another endless war in the middle east.
    1. DarkmSparks · · focus · HN ↗
      The administrations choices are fairly binary now.

      Inflate away the $40Trillion+ debt they can never pay back

      Or

      Hard default on the debt, and be the one holding the hot potato as the union breaks up.

      Fed is trying to thread the needle between the two and keep the music playing as long as possible.

      1. pbkompasz · · focus · HN ↗
        Or just fail for 4 years like every Republican administration since the 80s and wait for a Democrat to fix the economy...
        1. upboundspiral · · focus · HN ↗
          Undoubtedly Republicans have done untold damage to the US. However not all Democrats made the right choices either as it was Clinton who set the stage for further breaking the US economy, opening wide open the gates to complete offshoring (and DMCA, etc).

          In general its a game between the people who love their own power/money and hate US citizens (most Republicans and many Democrats) vs people who don't hate the people they're supposed to represent (Socialist Democrats and a handful of Republicans).

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