re: CNBC: Fed again approves 0.75-point hike in response to rapid inflation

The people that voted for the damn idiots that are driving this bus should be hanged, and I am barely joking.

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I'm genuinely curious what the so called "conservative" solution is to inflation??? And what evidence they have to support it?

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First, there is no “solution” to inflation. The Fed raising rates is a reaction to inflation.

Secondly, many people sounded the alarm about inflation risks several months ago. They included a lot of conservatives, a bunch of moderates, and even a few liberal Democrats, including Lawrence Summers.

Summers had been the chief economist in Democratic circles since the 90’s. He was well respected, and served in a variety of posts in both the Clinton and Obama administrations.

He was a darling of the leftists until he started opposing Biden’s policies.

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Summers emerged as an early opponent of the macroeconomic policy employed by President Joe Biden, charging the $1.9 trillion American Rescue Plan Act of 2021 as "the least responsible macroeconomic policy we’ve had in the last 40 years."[96] The macroeconomic framework, Summers holds, risks an economic recession and market destabilization.

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Biden is a puppet of the far left, radical wing of the Democratic Party. They led him down this path that even old school democrats warned against.

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Democrats created this inflation mess

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President Donald Trump on Tuesday tweeted that the US should accept the "gift" of negative interest rates, joining other countries that already have them.

"As long as other countries are receiving the benefits of Negative Rates, the USA should also accept the 'GIFT'. Big numbers!" Trump tweeted.

Trump has long called for the US Federal Reserve to lower interest rates and even go into negative territory throughout his presidency. In March, the central bank slashed interest rates near zero in a historic move to soften the economic blow of the coronavirus pandemic. At the time, Trump said that the move made him "very happy."

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President Donald Trump on Tuesday tweeted that the US should accept the "gift" of negative interest rates, joining other countries that already have them. "As long as other countries are receiving the benefits of Negative Rates, the USA should also accept the 'GIFT'. Big numbers!" Trump tweeted. Trump has long called for the US Federal Reserve to lower interest rates and even go into negative territory throughout his presidency. In March, the central bank slashed interest rates near zero in a historic move to soften the economic blow of the coronavirus pandemic. At the time, Trump said that the move made him "very happy."

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Good! The interest rates have been far too low for far too long.

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You say that like you are giddy to get back to Carter level interest rates……sort of fricked up and a rather ignorant viewpoint!

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I'm still trying to get from how being publicly nicer to domestic oil companies solves inflation for America though?

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It not just publicly nicer….dear Lord you are a brain washed bitch!

Would you invest into an industry that the current administration has said needs to be shuttered by 2035? If you answer yes you are a disingenuous moron. Oh also explain what ESG has to do with running a business?

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These rate hikes will bring down housing prices, which were out of control. And if you have cash you're going to be less affected by the rates. Third, if given the choice between low rates/high price vs high rates/low price, you generally want the latter as that rate can be brought down via refi. Once you've bought the house the price you paid will never come down (as many who bought the last few years are about to painfully learn).

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Good points and I agree to an extent. That said, people will keep their houses of the market as long as they can. Trading up to a new house in the same area isn’t really an option nowadays for people with low rates locked in. People who have to move out of town will strongly consider renting out their house instead of selling. With the housing shortage rents are up…

Same guy who took 900 billion off the books and made us a net exporter of oil while keeping inflation around 1%.

Cherry picked stats are for retards.

I wish someone would explain how the frick “get government out of the way and let the market do its thing” is fascism.

frick all you liberals.