Opinion: The Fed really needs to rethink more interest rate hikes as lower-income people suffer [Opinion]
AdvertisementFinally I understand economics. The Fed said that to quell inflation it is necessary to have fewer job openings and more layoffs.
Of course, if people only have a little money, they will only buy products that are cheap. Businesses will have to sell at cost or below just to pay their distributors, so they won’t be buying more. Wait, then that makes a supply and demand situation.Barbara Boyne
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