The Fed Raises Interest Rates Again to Cool Inflation: Is it Good News for Your Pocketbook?

President Biden says the economy is good, yet the Federal Reserve just raised interest rates another 3/4 of a percent. Will inflation cool and is a recession coming soon? Young Voices Commentator Alexander Salter, Associate Professor of Economics at Texas Tech University is taking a wait and see approach. He explains why.

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[SunFlower-]

Get out and vote and take these crazies out of the White House, house of representatives and Capitol.

[nunah]

If everything fine why can't I afford to pay my Bill's and buy food as well as gas! Never before have I been in this situation and I am now in my 70's.

[rgrifferon]

Stop buying sweets, sodium, alcoholic beverages and things you can do without. Many big companies are increasing prices for profit.

[koof]

2 jobs for every American but paid half

[markkrauklis]

Recession is not looming; we've been in a recession since August!!!😃😆😛😂🙃🖤🖤🖤🖤

[steventopps]

If they decide to have a Diesel crisis in a few weeks are economy would have a meltdown please prepare. ❤

[decuevas]

We're in a recession. Don't worry they'll be redefining depression soon. God bless everyone because Jesus is coming soon.

[marylight.keeplookingup.]

Lord Jesus come quickly . God bless everyone praying for us all . Hallelujah glory be to God he is in control.

[thereadinesschannel]

Ya right joe “ these are not the droids you are looking for.” I pay almost $7 a gallon for fuel now, food and basic necessities are at a budget busting level for many people and the interest hikes will bring down the house of cards housing market ( repeat of 2008 anyone) which was inevitable but who’s bailing out the mess this time around. We evidently didn’t learn anything last time.

[hectorsoliz]

Who's going to believe Mr.Biden and his administration when inflation is high, Desiel, food, interest rate hikes at all time high I don't think so Brandon.

[LEE-Rapture]

Things always look good for the rich, I pray for Jesus to help me or else I don't know what we would do .

[SylvanSurfer]

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[rebelrog]

0:32 "2 job vacancies for every American whose looking for work". The other side is Americans are not looking for work. Why not? Because the dollar has lost it's buying power. The more Janet and her friends at the Fed print, the less the dollar is worth....and prices go up. Inflation is caused by money printing! The greater the supply of dollars, the less they are worth. So then it costs more worthless dollars to purchase the same product as before. Price's only go up because the buying power of the dollar goes down!!!! In easy terms, American's are not looking for work because you work harder and harder for less and less. Answer: End the Fed and bring back a Constitutional Treasury Note. End private debt based banking notes!!!

[csoch]

No, raising rates is not good for anyone's pockets!

[steventopps]

Hi if the Fed were to raise the capital gains requirements inflation would halt . They do have the power to do so but they won’t.. p.s God Bless. This is not a rate problem this is a currency crisis

[kingdomofheavenseeker]

Only the rich prosper in this wicked world

[ItsTaylorFrench]

This is gonna crash the housing market

[brownhilton]

Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy. The fin-Market;s have underperformed the U.K and U.S economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $250k is down to $192k any recommendation;s to scale up my return;s during this crash will be highly appreciated.

[rebeccamichaelsono]

Everyone needs more than their salary to be financially stable in this current economy. The best thing to do with your money is to Invest it rightly because money left for savings always ends up used with no returns.

[sson]

8:9 For ye know the grace of our Lord Jesus Christ, that, though he was rich, yet for your sakes he became poor, that ye through his poverty might be rich. 8: 2 Corinthians