The Federal Reserve’s handling of inflation is souring the public on our economy, harming vulnerable Americans, slowing our fight against climate change — and hindering the fight against inflation itself.
For the past several months, the Fed has resisted lowering interest rates in an environment that clearly demands lower rates.
The Fed repeatedly stated that it would not lower rates until it had confidence the P.C.E.
While the Fed keeps waiting, the pain keeps accumulating.
There is also the damage that unnecessarily high interest rates are inflicting on our battle against climate change.
Persons:
Donald Trump, Kamala Harris
Organizations:
Fed
Locations:
U.S