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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. grim_io · · focus · HN ↗
        You give the people in charge too much credit regarding any long term thinking or goals in general.
        1. gonzalohm · · focus · HN ↗
          Or thinking
          1. DarkmSparks · · focus · HN ↗
            They definately think.

            The thinking process is just line their pockets with as much as possible before they lose their position to someone else.

            Once you understand that everything is rational. If not desirable.

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