Jerome Powell Raises Interest Rates O.25% in Weak Attempt to Curtail Runaway Inflation – Very Rare Interest Rate Hike During a Democrat Administration

Federal reserve chairman Jerome Powell raised interest rates .25% on Wednesday in a very week attempt to slow down the record inflation hitting the country. This was one of the few interest rate hikes during a democrat administration. The Fed typically raises rates only for Republican presidents. The inflation rate under Joe Biden has reached … Continue reading Jerome Powell Raises Interest Rates O.25% in Weak Attempt to Curtail Runaway Inflation – Very Rare Interest Rate Hike During a Democrat Administration