tramsey wrote:
I took one course in Economics in college because that's all that was left and I needed it to fill out my credits. I didn't understand what he was talking about right from the first day and it didn't get any better.
So here's my problem. The Federal Reserve just increased interest rate by .75% with the good news that another increase would be coming later in the summer. This is all done to ward off recession.(I think it's already here) So the interest rate will increase the rate on credit cards, car purchases, housing and everything else and they say our pay check will be less to. I'm not sure about that but it certainly won't go as far.
Finally to the point. If all these things are going to cost us more how will that help to ward off recession? Please don't be a college professor and explain it to me in six syllable words. Just single syllable layman's grunts will do just fine.,
My wife has several health issues so I will be away from the computer fot the next several hours Thanks
I took one course in Economics in college because ... (
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They want people to stop buying stuff so demand for stuff will go down and slow down inflation.