News

51 readers

1 users here now

Breaking news and current events worldwide.

founded 2 years ago

Fed Chair Jerome Powell warns the fight against inflation is far from over (www.npr.org)

submitted 2 years ago by mike591@kbin.social to c/news@kbin.social

1 comments fedilink hide all child comments

Federal Reserve Chair Jerome Powell said interest rates could stay elevated for an extended period to bring inflation to the central bank's 2% target.

you are viewing a single comment's thread
view the rest of the comments

[–] rafoix@kbin.social 1 points 2 years ago

The Fed only has the power to cut and raise interest rates. Congress has all the power to actually change anything. It’s currently run by the neocon extremists that only want to cut taxes for the wealthy, hurt minorities, kiss Putin and attack China.

There’s so many options to do but Republicans and corporate Democrats will never even attempt it.

Windfall profits tax.
Maximum wage
Wealth tax
Fully find the IRS to go after tax cheats.
Make stock buybacks illegal
Make all wages be paid 100% in legal tender, no more stock options.
Raise capital gains tax

I’d love to see executives go on strike. Approximately 0% of the economy will be affected.