NBC’s Brian Cheung reports on why the Federal Reserve has decided not to raise interest rates, saying that the economy “continues to expand at a solid pace,” and that the unemployment rate has remained low.
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#FederalReserve #InterestRate #Economy
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As long as as the reserve requirement remains at zero raising the interest rate to control inflation will be futile.
Good.
When CEO's are making 20 to 30 times more than the employees, like the 1960s instead of 400 times more, and the workers have the wages and buying power of the 1960s (adjusted for inflation since 1964 = $28.45 minimum wage) then the economy is still off kilter. Until we get back to those numbers, it's in everyone's best interest to deeply punish the companies and people who are gouging us all for the last 50 years. Especially lately.
Are. Republicans. American????
Republican Party. Is. Hazardous. To. You’re. Health. ). Deplorable. C. U. L. T.