Raising rates is an incredibly blunt tool

You are correct, rising energy costs are behind some of the inflation.
The other culprit is QE which went on too long.
I don’t see an alternative to raising rates at this time, in fact I’d hike them heavily and rapidly with a view to killing inflation quickly.
You can then always slash rates in a few months.

Posted By: JoeyDeacon on July 28th 2022 at 16:13:52

Message Thread

USA in a recession (General Chat) - Ratbox, Jul 28, 15:14:29
- TBF I don't feel any different. (n/m) (General Chat) - usacanary, Jul 28, 17:51:30
  - It will take a while for it to reach Buttfuck, Iowa. (General Chat) - ChengdeCanary, Jul 28, 19:28:04
- "When it comes crashing down and it hurts inside..." (n/m) (General Chat) - inutero, Jul 28, 16:14:16
- Let’s go Brandon (n/m) (General Chat) - Wrath analytica, Jul 28, 15:54:35
  - Big orange man's fault.... (n/m) (General Chat) - ParrotPuncher, Jul 28, 15:55:47
    - And brexit! (n/m) (General Chat) - Wrath analytica, Jul 28, 16:15:38
      - Global warming (n/m) (General Chat) - ParrotPuncher, Jul 28, 16:52:55
- Didn't the Fed raise rates by 75 basis points a couple of days ago? (n/m) (General Chat) - Timmy_Goat, Jul 28, 15:22:05
  - America is screwed (General Chat) - ParrotPuncher, Jul 28, 17:09:05
    - Is it? (General Chat) - usacanary, Jul 28, 17:52:35
      - Yes it is (General Chat) - ParrotPuncher, Jul 28, 21:23:05
  - Yes to try and get inflation under control (General Chat) - JoeyDeacon, Jul 28, 15:54:19
    - I understand that. (General Chat) - Timmy_Goat, Jul 28, 16:29:00
      - Even the experts don’t know! (General Chat) - JoeyDeacon, Jul 28, 16:33:49
    - The inflation we're seeing now is driven by energy / fuel prices (General Chat) - jamesward, Jul 28, 16:05:05
      - Raising rates is an incredibly blunt tool (General Chat) - JoeyDeacon, Jul 28, 16:13:52
      - yup (General Chat) - CWC, Jul 28, 16:07:53
        
        Wow (General Chat) - ghostof barry butler, Jul 28, 16:27:14
        
        The concern does seem to be about utility prices more than Ukrainians though (General Chat) - MonkeyPuzzle, Jul 28, 16:45:18
        
        He makes a fair point tbh (General Chat) - jamesward, Jul 28, 16:38:26
        
        its still Wow (General Chat) - ghostof barry butler, Jul 28, 16:40:51
        
        want to take your straw men elsewhere? (General Chat) - CWC, Jul 28, 16:56:41
        
        Oh yeah…we forgot the 40” plasma poor (n/m) (General Chat) - MonkeyPuzzle, Jul 28, 17:08:50
        
        those who don't learn from history.. (General Chat) - ghostof barry butler, Jul 28, 17:02:16
        
        He probably doesn’t to be fair GOBB! (General Chat) - MonkeyPuzzle, Jul 28, 17:16:05
        
        The Ukrainians wont give up their country to the invaders (General Chat) - shoddy, Jul 28, 16:10:06
    - *bull* by the horns (n/m) (General Chat) - JoeyDeacon, Jul 28, 15:54:45

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