Comments by "Deborah Freedman" (@deborahfreedman333) on "Warren: Powell is a 'dangerous man to have in this job'" video.
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Everyone is looking for someone else to blame, when the market disruption came from a once in a century pandemic, and actions world governments took to prevent a world wide depression. Sure, you can blame the Chinese, for not keeping their wet markets closed, and for continuing to engage in the trafficking of endangered species. But, they were hurt as badly, as other countries, by the resultant pandemic. You can't blame either this administration, or the last, for pumping money into the market, to prevent another Great Depression, because the results of not doing so would have been much worse. And, despite any nonsense Warren wants to spout, the only way to counter the resultant inflation, is to raise interest rates, to discourage spending. And really, we have had absurdly low rates for a long time. With higher interest rates, savings accounts should finally generate a decent return, so saving should be encouraged. And if you think interest rates are high now, take a look at what they were in the 1970s, 1980s, and 1990s. It isn't so bad now. And sure fuel costs have soared. (Guess you shouldn't have purchased that gas guzzler.) But, Putin's unprovoked invasion of Ukraine, not any action by any part of the US government, is to blame for that. Go ahead, blame Powell for having to do what he had to, and replace him. The next Fed chair will also have to raise interest rates, or we might face triple digit inflation.
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