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A comment on Federal Reserve to increase interest rates by 75 basis points for the third time. Parent comment

Re:Federal Reserve to increase interest rates by 75 basis po... by closeparen on Wednesday September 21, 2022 @03:46PM (#32930527)
When rates rise in response to inflation, that’s not a “meaningful” return you’re getting, is it?
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Re:Federal Reserve to increase interest rates by 75 basis po... by de_Selby on Wednesday September 21, 2022 @05:27PM (#32931736)
The point is that having near or below 0 rates has been a terrible policy for almost everyone, just as increasing them in response to inflation is going to hit most people hard now.

A problem has been kicked down the road for years, it was always going to blow up in our faces.

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Re:Federal Reserve to increase interest rates by 75 basis po... by fny on Wednesday September 21, 2022 @05:37PM (#32931836)
The current rate hikes are not due to inflation alone.

IMO, Powell wanted to keep raising rates in 2018, but was hamstrung by Mnuchin and Trump who wanted to keep rates low and the dollar weak. The mini market panic at the time did not help. The COVID meltdown is why we went back to zero. Now he has the perfect excuse to return back things to a normal economic mode.

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