12-07-2023, 01:47 PM
(12-07-2023, 01:32 PM)Goalpost Wrote: Yea, but you can't just quote this year's numbers without including what took place the last 3 years. Inflation has eased but only on top of what now costs so much more.
Listen Biden's Fed had to raise interest rates at a slow pace or otherwise it would cause a recession and that didn't happen. It's something that has to be handled with extreme patience or things could get bad for all of us. It usually takes 3 years for an admin's policies to take full effect. Do you think things change in our economy drastically overnight?
Biden stayed out of the Fed's way and let them do their jobs and allowed them to do what they thought was best, and it's working. Inflation isn't created overnight nor is it solved overnight.
Wages are now outpacing inflation and the stock market indexes are starting to boom. Here's another chart illustrating this.
https://www.bankrate.com/banking/federal-reserve/wage-to-inflation-index/
