Comments by "Daniel Bradford" (@Falconlibrary) on "Inflation rose 9.1% in June, hits a new 41-year high" video.

Mortgage rates need to be 2% above the inflation rate to dampen the inflation rate. Rates now are 5.75%, inflation is 9.1% Do the math: 9.1+2 = 11.1% I've been saying for the past six months that interest rates would have to be double digits, and the longer the Fed delays, the worse the damage is going to be. Biden should never have reappointed Powell as Federal Reserve chair, but we're stuck with him now.
1
Mortgage rates need to be 2% above the inflation rate to dampen the inflation rate. Rates now are 5.75%, inflation is 9.1% Do the math: 9.1+2 = 11.1% I've been saying for the past six months that interest rates would have to be double digits, and the longer the Fed delays, the worse the damage is going to be. Biden should never have reappointed Powell as Federal Reserve chair, but we're stuck with him now.
1