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A comment on Federal Reserve pushes interest rates above 5% for first time since 2007. Parent comment

Re:Federal Reserve pushes interest rates above 5% for first ... by xnx on Wednesday May 03, 2023 @05:08PM (#35807831)
> 12% interest rates just incase a politician decides to give away free money for a few years?

High interest rates = "giving away free money"?

I thought low interest rates was giving away money?

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Re:Federal Reserve pushes interest rates above 5% for first ... by mitthrowaway2 on Wednesday May 03, 2023 @05:56PM (#35808317)
My interpretation of what the GP is saying is that a politician might give away free money, causing the Fed to react by setting interest rates at 12% to prevent inflation. Suppressing interest rates would be a different form of free money.
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