The only way to relieve inflation is to produce more of the goods that are in high demand.
Screwing with interest rates causes high unemployment, bankruptcies and major misery for the public.
The FED is a scam. And a gift to side traders.
If housing wasn’t overpriced, people with 6% mortgages could tack on 2% onto the mortgage principle and only shell out 4% on a timely basis to the mortgage company.
If inflation is 8% a year, do you think mortgages should be 4%? 5%? People lending out money would be losing 3% or 4% a year in buying power.