INFLATION--FED announces 0.50% interest rate cut

[Chop]

 

[Monahorns]

“We’re trying to achieve a situation where we restore price stability without the kind of painful increase in unemployment that has come sometimes with this inflation," Powell said. "That’s what we’re trying to do, and I think you could take today’s action as a sign of our strong commitment to achieve that goal.”

BS. Prices never stabilized and now inflation is going to go back up.

The reason they are doing this now is to prevent a stock market crash right before the election. This is to elect QueMala.

If the government really wanted to reduce inflation they would cut government spending.

 

[nashhorn]

If the government really wanted to reduce inflation they would cut government spending.

Hahahaha. Now that’s a good one.