Robert ReichJul 13, 2023

My thoughts on today's inflation numbers. The Fed must declare victory and stop raising interest rates.

https://robertreich.substack.com/p/its-time-to-declare-victory-in-the

It’s time to declare victory in the inflation fight

And for the Fed to stop raising rates, and hurting the workers

Robert Reich
Show threadbeforewisdom 

@rbreich

I will believe that inflation has gone down when food prices go down.

Jul 13, 2023 at 4:52pmWeb
Show threadIan StuartJul 23, 2023
@beforewisdom @rbreich The rate of inflation has come down. While many people dislike any #inflation , we as a society have some #inflation on purpose. Take it up with the #FederalReserve and #MainstreamEconomics if you want no inflation (we aim for 2-3%). If we make our target, average prices will not come down.