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U.S. Economy on the Brink of Ruin as Federal Reserve Destroys the U.S. Dollar 

U.S. Economy on the Brink

U.S. Economy on the Brink of Ruin as Federal Reserve Destroys the U.S. Dollar | Redacted News

Caused more Panic about a financial crisis

The Federal Reserve raised interest rates again by a quarter percentage point, or 0.25% on Wednesday. Even though there seems to be a looming banking crisis, the Fed did this to slow inflation. Powell really is stuck between a rock and a hard place. If he had paused rate hikes, it would have caused more panic about a financial crisis. Raising rates as planned indicates a stay-the-course mentality. It may slow the economy but it will reduce the amount of free money that the government created out of thin air during the pandemic.
 
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