Federal Reserve’s Rate Increases: Too Little Too Late?

Source: Campaign For Liberty
by John McCardell

“Stocks have fallen much lately. This is in part because of fears rate hikes will push the economy into recession. The Fed itself seems to believe that the economy is going to slow down in the near future, as it has reduced its projection of 2.2 percent economic growth in 2022 to 1.7 percent. Even more ominously, the Atlanta Fed’s GDP tracker fell to zero for the second quarter of 2022, due in part to May’s weak retail sales. The Fed claims it will reduce inflation without significantly increasing unemployment or causing a recession. This is likely to be as accurate as the Fed’s prediction that inflation was ‘transitory.’ This latest rate increase will only raise rates to where they were before the lockdowns led the Fed to embark on a historic money-creating spree.” (06/22/22)

http://www.campaignforliberty.org/federal-reserves-rate-increases-little-late