Current Events > So I've seen the interest rate that economists are saying that would stop

(+) Yeah! (+)

inflation is approx 8%. The fear of doing this is that it will put the economy in recession.
But the economy is in bad shape in terms of spending power, so people are already hurting like we're in a recession. The way to get out of this is to raise interest rates until prices go back to normal. The average recession lasts 11 months, the great recession lasted 18 months, so this recession will likely last somewhere in between.
What are we waiting for? Why don't we get this over with if it's going to happen anyway, and people are already suffering financially as if it was already here. The government should be doing a PSA to not pull your money out of your retirement account, as when this is over your portfolio will be looking good as always.
Is it because the supply chains and Ukraine invasion are not over with? Is there a fear that will prevent recovery?

TwigsthePnoDude posted...

What are we waiting for?

They are in bed with billionaires and wall street who will make moves during a recession. Doing it now will piss them off because they hadn't been given enough time to adequately strategize the moves they will make during the recession.

I wonder...will we get stimmies down the road like we did With Obama? 600 was it? Athough itd be way costlier for them this time around