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Bernie Sanders

JonLeibowitz

(6,282 posts)

1. I don't think federal reserve policy to have a target of modest inflation is anti-working class

Reply to eridani (Original post)

Thu Dec 17, 2015, 12:19 AM

Dec 2015

The fed needs to increase its rates so it has some measure of control over inflation which it can use to prevent the next bubble and market crash, which will hurt the middle class.

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Bernie Sanders Calls Fed Rate Hike Bad News for Working Families [View all] eridani Dec 2015 OP

I don't think federal reserve policy to have a target of modest inflation is anti-working class JonLeibowitz Dec 2015 #1

Inflation on what planet? eridani Dec 2015 #2

I don't follow. JonLeibowitz Dec 2015 #3

We don't have an inflation problem right now eridani Dec 2015 #4

Oh, I see. JonLeibowitz Dec 2015 #5

Irrrelevant, as most Americans get by on job income or Social Security eridani Dec 2015 #6

Add to that the fact that the interest rate increase on savings will likely be infinitismally small n8dogg83 Dec 2015 #7

I would take a slight rate hike if it meant freeing TexasBushwhacker Dec 2015 #8