The Fed has been aggressively hiking interest rates to try and crush inflation, but it’s risking a recession in the process. @RBReich has some advice for the Fed before it raises interest rates again: “Just slow down.” WATCH:

Oct 13, 2022 · 12:31 AM UTC

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Replying to @MehdiHasanShow @RBReich
So, you are no a complete retread. Good to know
Replying to @MehdiHasanShow @RBReich
How would Robert Reich know?
Replying to @MehdiHasanShow @RBReich
Fed needs to project deminishing hikes for one year to let economy adjust.
Replying to @MehdiHasanShow @RBReich
Hard to keep up with Biden’s attack on the American family … aggressive may not be enough to quell the minor attracted presidents aggression
Replying to @MehdiHasanShow @RBReich
Replying to @MehdiHasanShow @RBReich
If the Fed wants to bailout the financial sector by increasing the reference rates, companies have to borrow more (and defer) and keep the prices, instead of passing the hot potato to the customers, customer is king, remember!?👑👑👑
Replying to @MehdiHasanShow @RBReich
Yes Bob, give time for companies to respond, borrow more, defer, keep the prices. This is creating a rush to mergers and acquisitions, in a greed/panic run to the exit. Companies have to grin and bear it before starting to bite in the customer neck, customer is king, remember!?
Replying to @MehdiHasanShow @RBReich
We're in a recession right now.
Replying to @MehdiHasanShow @RBReich
He knows it's not to crush inflation, And that is just to crush growing workers strength. Yet he writes the tweet like it's about inflation, giving legitimacy to the BS narrative.
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Replying to @MehdiHasanShow @RBReich
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