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Fed to Raise Interest Rates for First
Time in Three Years in Bid to Combat Inflation

Original Article

Posted By: Dreadnought, 3/16/2022 9:07:30 PM

The Federal Reserve announced on Wednesday that it will raise interests rates by a quarter of a percentage point, hiking rates for the first time since December 2018 in an effort to curb rising inflation. Following their March meeting, Fed officials said in a statement that the Federal Open Market Committee would raise the benchmark federal funds rate in order to cool an overheated economy, bringing the rate to between .25 and .5 percent. “With appropriate firming in the stance of monetary policy, the committee expects inflation to return to its 2 percent objective and the labor market to remain strong,” the Fed said in its March statement, adding that

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Reply 1 - Posted by: jimincalif 3/16/2022 9:18:05 PM (No. 1102140)
Too little, too late.
19 people like this.

Reply 2 - Posted by: Californian 3/16/2022 10:18:01 PM (No. 1102166)
Don't raise rates. Stop printing so much fake money and handing it out for nothing. Paying people to stay home during a fakedemic as outrageously stupid. I miss all the stores and restaurants that closed down in my areas after being open for decades.
36 people like this.

Reply 3 - Posted by: billsv 3/16/2022 10:30:51 PM (No. 1102170)
We would not be here if they had not piumped all of te money into the eonomy and the dems passed their trillion-dollar spending bills.
25 people like this.

Reply 4 - Posted by: kennedylaw 3/16/2022 10:54:34 PM (No. 1102187)
In order to stop inflation after four years of Jimmy Carter, the Fed raised interest rates to 20%.
16 people like this.

Reply 5 - Posted by: GoodDeal 3/16/2022 11:23:22 PM (No. 1102197)
Idiots. How about stopping the trillions of $$$ in deficit spending then we don’t have to do a thing.
27 people like this.

Reply 6 - Posted by: hoosierblue 3/17/2022 5:35:13 AM (No. 1102289)
They won't raise them very much, they can't. We are in debt so much, they couldn't pay the interest on loans and the presses are at full speed now, thanks to the idiots in Congress.
17 people like this.

Reply 7 - Posted by: Lazyman 3/17/2022 8:08:13 AM (No. 1102372)
This is what lip service is. Like shooting an elephant with a BB gun.
10 people like this.

Reply 8 - Posted by: philsner 3/17/2022 8:35:55 AM (No. 1102407)
Good luck with that.
2 people like this.

Reply 9 - Posted by: walcb 3/17/2022 8:47:13 AM (No. 1102426)
.25 and .5 percent--that is still free money. We will have to pay a huge penalty to get inflation under control and it won't be by Biden. The next president will not be viewed favorably for what will need to happen (if we survive until 2024).
6 people like this.

Reply 10 - Posted by: Zigrid 3/17/2022 10:45:03 AM (No. 1102557)
Surprise...surprise!!
1 person likes this.

Reply 11 - Posted by: garyhope 3/17/2022 11:14:49 AM (No. 1102579)
Why don't they just impeach Bi-DUMB, Harris, PigLousy, Schumer, and all of the Dim appointees, and imprison Soros and the Clintoons? Ship them all to Gitmo and sweat them all into dirt naps
2 people like this.

Reply 12 - Posted by: garyhope 3/17/2022 11:17:21 AM (No. 1102581)
Close the borders and deport all of the illegals. Jobs for real Americans first. No welfare or cash for Illegals.
2 people like this.

Reply 13 - Posted by: Strike3 3/17/2022 11:26:37 AM (No. 1102587)
Lies and damned lies. If my bank sent me a letter raising my savings account interest rate by a quarter of a point I would not be likely to bake a cake and celebrate. The labor market sucks. Nobody is properly staffed and the goons making $15 per hour to throw a Big Mac into the microwave are no better than when they were making $7 per hour. Fire Brandon and his entire administration full of intellectual dummies if you want to fix both inflation and the labor situation.
2 people like this.

Reply 14 - Posted by: Rumblehog 3/17/2022 1:50:49 PM (No. 1102675)
Rearranging the deck chairs on the Titanic as she lists to the right.
3 people like this.

Reply 15 - Posted by: dman 3/17/2022 4:50:18 PM (No. 1102781)
Dittos above. I hated Paul Volcker at the time, but the economy needs another healthy dose of his Castor Oil. Back to the gold standard and forward to a balanced budget amendment, endure the pain, and live economically to fight another day.
1 person likes this.

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