24 May 2022 9:13 am
BIG OLD BABY HUEY & HIS RNC CULTIST SCUM TROTTING OUT THE PROVEN RECIPE OF STAGFLATION! HIGHER & HIGHER INTEREST RATES TO MAKE IT HARDER FOR NEW COMPANIES TO BORROW & COMPETE! U DUMBASSES NEVER LEARNED ANYTHING OTHER THAN ECON 1O1! U SHOULD HAVE TAKEN SOME 300 LEVEL COURSES!Huey » 24 May 2022, 8:32 am » wrote: ↑ Some Senate Republicans, meanwhile, have a plan to hamper inflation for good. A bill introduced by Sen. Tim Scott of South Carolina on January 12 aims to ban government spending that's estimated to lift inflation above a 4.5% year-over-year rate. The measure would use estimates from the Congressional Budget Office of a bill's effect on the Consumer Price Index. Though the proposal has only been introduced, it boasts 12 cosponsors and represents the GOP's latest plan to strike down Biden's ambitious spending plans.
And
Inflation is mostly in the hands of the Fed now anyway
And for all the discussion both parties are poised to have around inflation, neither has the silver bullet to cool price growth. The Fed is the only authority that can raise interest rates, which is historically the most effective way to rein in price growth.
https://www.businessinsider.com/inflati ... ing-2022-1