President Joe Biden Raises Interest Rates Again For The Fifth Time Creating More Financial Hardships For Americans And Banks

President Joe Biden Raises Interest Rates Again For The Fifth Time Creating More Financial Hardships For Americans And Banks

March 22. 2023

Smarmy, scheming, sarcastic Biden cheated his way into the presidency and now can't do the job

Over the past year President Joe Biden has raised interest rates several times and it has been wreaking havoc on the U.S. economy. The tech sector and retail have laidoff several hundred thousand people over the past few months (The U.S. Economy Is Tanking Under Joe Biden As Tech Sector Announces Many Layoffs).

Joe Biden: uh oh, 1 + 1 actually makes 2

However, as Biden is faking employment numbers, the huge job losses are barely showing, sometimes not at all, which is highly suspect. Companies have been announcing the layoffs since October 2022 and released several hundred thousands employees, yet Biden is releasing economic figures stating the economy is strong and unemployment is decreasing. What a fraud.

Biden wanted the presidency at all costs, even cheating, and now he's got it and is destroying America

A number of companies in the finance sector were forced to file bankruptcy due to collapsing under Biden's economic incompetence. Some executives have openly blamed Biden for the demise of their companies, as he has steadily wrecked the U.S. economy since taking office in January 2021. Biden has caused billions in losses to the U.S. economy. The losses will reach into the trillions. Real time damage is being done under the dementia President.

Psycho Biden is a complete fraud (Joe Biden Is A Power Hungry Criminal From The Obama Administration Following A Movie Script)

This week the Biden administration announced he is raising interest rates again (for the NINTH TIME), to as they put it, reduce inflation. However, it has not worked for the past year, only serving to raise Americans' bills (mortgage rates, credit cards payments, car loans, lines of credit) and places even more banks in danger of collapse (currently 130 banks in America are in financial trouble). All because Biden doesn't know what he's doing, and broke the U.S. economy, and the American people in the process. This man has unleashed a nightmare on America.

STORY SOURCE

Fed Raises Interest Rates To Highest Levels Since 2007

March 22, 2023 2:10 PM ET - The Federal Reserve hiked its target federal-funds interest rate by a quarter of a percentage point Wednesday, the ninth in a series of hikes that started in March 2022. The hike brings the Fed’s target rate to a range between 4.75% and 5% with the Fed maintaining its pace of slowed increases. Most economists expected a quarter-point interest-rate hike in an effort to bring inflation down, but the current banking calamities contributed to the possibility of a pause, according to Bloomberg.

As of Wednesday morning, markets were estimating over 90% odds that the Fed would hike rates by a quarter-point, CNBC reported. This brings rates to their highest level since late 2007. “I think that’s most likely,” Peter St. Onge, research fellow in economics at the Heritage Foundation told the Daily Caller News Foundation. “The trade-off for them is higher rates put more stress on banks.”...

https://dailycaller.com

Fed hikes interest rate 0.25 point to curb inflation despite banking turmoil

1h ago - WASHINGTON—The Federal Reserve raised its key short-term interest rate by a quarter percentage point Wednesday, pushing ahead with its aggressive campaign to tame inflation despite financial turmoil following Silicon Valley Bank’s collapse.

The Fed is anticipating another quarter-point increase to a peak range of 5% to 5.25%, in line with its December estimate and lower than the level markets expected before SVB’s meltdown, according to the officials' median estimate...

https://www.msn.com