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re: Powell no longer believes inflation will reduce
Posted on 5/14/24 at 11:29 am to OccamsStubble
Posted on 5/14/24 at 11:29 am to OccamsStubble
Powell can’t fix inflation through just monetary policies alone and he is beginning to realize that. Unfortunately, no one in Congress seems to care and Biden certainly doesn’t. He thinks lowering credit card fees will lol. It would take drastic spending cuts at the federal level and a reduction in future promised spending levels
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