Re:U.S. inflation rate rises to 13-year high of 5.4%
by whimsicalism on Wednesday October 13, 2021 @11:14AM
(#28853214)
Interesting, I don't actually think there's much ambiguity in the statement "any attempt to raise interest rates at all."
Re:U.S. inflation rate rises to 13-year high of 5.4%
by bumby on Wednesday October 13, 2021 @11:24AM
(#28853357)
I'd defer to the OP to state what they really meant, but your response comes across more as a trivial semantic "gotcha" than an actual reasoned response.* If you actually think they meant raising rates by a trivial amount, even though history doesn't indicate that is a tack likely taken, then, yes, you are technically correct.
*Since you are a self-described consequentialist, it may be just that you feel what was stated is all that matters and not what was intended
The point was not "raising interest rates at any level will trigger a recession" but rather "raising interest levels an amount capable of combating inflation will trigger a recession".
A 0.00001% hike may not cause a recession, but it also wouldn't affect inflation.