Comments by "worn down" (@worndown8280) on "The Truth Behind Interest Rate Cuts in 2024" video.

if you measure inflation like they did back in the 70s and 80s we are over 7% annual inflation right now. There is only one cure for that, to raise rates to that level. But if they do that, multiple banks will implode as well as 10s of millions of people get laid off. Do you think they are going to do that in an election year where one of the people running for president has said he would remove the current head of the Fed? Rates are going to go up, but not until after the election. Unfortunately inflation will just run rampant until then. No big deal. lol
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@youtubetim3577 Thats only because of how many covid took out. The fact that growth in the trucking industry hasnt rebounded shows that the economy may have picked up from pre covid lows, but it has not recovered and certainly hasnt grown.
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