The Fed Is Making a Big Mistake

The Fed is making a mistake. This interest rate hike won't remedy many of the major causes of inflation. If the Fed continues down this path – as it has signaled it will – the economy will likely be plunged into a recession.

[RBReich]

The Fed is making a mistake. This interest rate hike won't remedy many of the major causes of inflation. If the Fed continues down this path – as it has signaled it will – the economy will likely be plunged into a recession.

[blaquopaque]

if interest rates go up where should i look to put money into? i have $250k on the line and can't afford mistakes

[anastudent]

When your only tool is a hammer, everything looks like a nail. This won't fix war and price gouging

[rayturp]

I couldn't agree more. Too many large companies with very little competition to help keep prices down.

[infinitemonkey]

It's not like they have other options since politicians are owned by corporations.

[qrzhevk]

It’s a cycle of doom stuck on repeat. The rich will get richer and the more will still be poor.

[sneese]

The people making this type of decision should have to live on the wages of the poorest workers in America so they might understand how decisions like this will affect the rest of us.

[St.Nicodemus]

Thank you for caring about "the rest of us." I worked my but off in the 90's and enjoyed the fruits of my labor. It was the last time the economy didn't feel totally rigged. I thank you again, Sir.

[PHOENIXRISING]

Sad to say, they know exactly what they're doing. Shame, shame, shame. Love, Light and Protection for All. 💜💜💜💚💚💚💚💚💚

[mnoxman]

This presumes that "The FED" is on the side of the average person.

[weegieb]

until the oligarchs fear the people, the people will continue to be the steaks for their table.

[markbirkeland]

I agree, Robert. It will only help if congress puts in place a tax on excessive profits based on year-to-year earnings and profitability. Hold those companies accountable for excessive price increases, especially the oil companies.

[mikek]

Wage increases, it shows you how out of touch these people are and have no understanding of regular Americans. Or they just do not care

[Christopher_Bachm]

The Federal Reserve is directly responsible for the bubble / bust cycle that we call an economy.

[infinitedonuts]

It so sad because so many people are gonna be hurt by this.

[patrickc]

You're one of my heroes... don't stop, give it all you got, Mr. R

[wvin]

The US could implement a glut tax on dividends and stock sales as a punishment for corporations basically price gouging consumers ... they are price gouging AFTER the pandemic, but it is still profiteering off the pandemic.

[radicalaccounting]

Mark my words. a year from now we'll hear about the fall out (failure) of record # of small busineses. if you're not watching your money well, with all this recession, you're going to go out of business. And small business tend to have the worst financials so they'll suferr the most. trickle down greed hurting everyone.

[klauskarbaumer]

Prof. Reich's assessment is right on, like most of the time. But he leaves out one big factor which leads to wrong decisions: We are deluding ourselves if we think we have a viable economic system in the long run - constant economic growth like most economists are advocating is impossible on a finite planet. It is a ruse of the people who want to appease others instead of admitting that there is the need to share. The limits of growth are visible everywhere now and the damage done to our natural resources, also societal peace are becoming more and more obvious.

[walterscott]

Absolutely love Robert Reich! Calm. Steady. Wise. No axe to grind. Just sensible, insightful, and right on the money.👍🏼