Fed doubles taper rate, eyes three interest rate hikes in 2022 as inflation soars

[Ordinary Guy]

Biden will not be happy until he overtakes Jimmy Carter as the worst economy President ever!! -OG

https://www.foxbusiness.com/economy/...-december-2021

 

[Rambunctious]

Better pay off the cards folks...we could see credit card interest rates climb above 25%.....

 

[Rambunctious]

81 million votes my ass....

 

[iamwhatiseem]

Wait a damn minute!!!
The Biden administration has done EVERYTHING to paint a picture inflation is no big deal... oh... hot dogs are $.03 cheaper!!!
And now all of a sudden they admit there is a problem????

Could have something to do with record wholesale price increases of 9.6% announced today... let me tell you how bad that will affect prices come about January.

 

[iamwhatiseem]

At the same time though... look at these FED assholes. Reluctant as HELL to touch interest rates because that adversely affects THEIR bottom line. And the reason we are here is due to how they mismanage the system all in favor of the central banks and large corporations

 

[Mac1958]

Excellent, good move. Change as conditions change.

 

[22lcidw]

Excellent, good move. Change as conditions change.

How does the Federal Reserve move interest rates to double digits? They did this in the early 1980's to eliminate a lot of the bad debt from the LBJ years. Look at the debt limits the Congress is passing now. The numbers are growing larger and larger. Tell us how to fix it. Whoopie had 6 abortions...Figure it out.

 

[Mac1958]

How does the Federal Reserve move interest rates to double digits? They did this in the early 1980's to eliminate a lot of the bad debt from the LBJ years. Look at the debt limits the Congress is passing now. The numbers are growing larger and larger. Tell us how to fix it. Whoopie had 6 abortions...Figure it out.

Who said that they...

Oy, never mind.

 

[pknopp]

This should have been done years ago.

 

[Votto]

Biden will not be happy until he overtakes Jimmy Carter as the worst economy President ever!! -OG

https://www.foxbusiness.com/economy/...-december-2021

And I'm sure the powers that be will see to it there is no "Reagan" recovery either this time.

 

[22lcidw]

Who said that they...

Oy, never mind.

And of course you will laugh it off. From the spews of someone like me. But it is moving worse and worse. Fiat currency in decline.