Jerome Powell and the federal reserve have raised rates again and America is about to FEEL it.
The dismal Biden economy has led to a number of layoffs as businesses are fighting for their survival. Widespread tech layoffs have been the focus of the media as of late but that’s just the start.
The federal reserve reaffirmed their commitment to fighting out-of-control inflation at all costs – even if that means they light a struggling economy on fire.
No matter what the White House claims, we’re clearly in an economic downturn already, but inflation remains high, forcing the Fed to move forward with planned rate hikes until we reach interest rates not seen since the 2008 recession.
The continued rate hikes are guaranteed to lead to EVEN MORE layoffs as they accelerate our descent into a full blown recession which even Washington won’t be able to deny.
As Jerome Powell said regarding the rate increase, “I wish there were a completely painless way to restore price stability. There isn’t, and this is the best we can do.”
The Fed has no choice, our government carelessly printed too much money to line the pockets of their buddies at the top – and now working class Americans are going to suffer the consequences.
Buckle up and prepare for a HISTORIC economic downturn – things are about to get messy.
Watch the video here to fully grasp just how nasty the economy could get in the coming months.