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U.S. Economy on the Brink of Ruin as Federal Reserve Destroys the U.S. Dollar | Redacted News

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First published at 11:20 UTC on March 24th, 2023.

#fed
#destroy
#dollar

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The Federal Reserve raised interest rates again by a quarter percentage point, or 0.25% on Wednesday. Even though there seems to be a looming banking crisis, the Fed did this to slow inflation. Powell really is stuck between a rock and a hard place. If he had paused rate hikes, it would have caused more panic about a financial crisis. Raising rates as planned indicates a stay-the-course mentality. It may slow the economy but it will reduce the amount of free money that the government created out of thin air during the pandemic.

Source: Redacted News

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