Date: 2023-04-01T15:58:14Z Creator: Bitfolio Academy
The Federal Reserve has tremendous power to squash the economy and put people out of work. The Federal Reserve is currently caught between a rock and a hard place. They can either fight inflation, continue to raise rates, and watch things continue to break, like 3 banks failing in a single week. Or they can turn back on the money printing, and watch inflation creep up. Last week, they did both at the same time. They turned on the money printing by extending unlimited loans to banks, and they raised interest rates by a quarter point. So will things continue to break? Or has the Fed found the magic formula. I’ll keep you updated.
Let me know in the comments. 🤔
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#economy #money #finance #inflation #recession #interestrates #stocks #crypto #bitcoin