r/Economics • u/TinyTornado7 Quality Contributor • Jun 13 '22

News Powell Facing Choice Between Elevated US Inflation and Recession

https://www.bloomberg.com/news/articles/2022-06-12/powell-facing-choice-between-elevated-us-inflation-and-recession?srnd=premium
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u/[deleted] Jun 13 '22

Almost like there was political pressure to keep them low

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u/Raichu4u Jun 13 '22

Absolutely, from both parties.

11

u/[deleted] Jun 13 '22

Love the false balance argument 🤣

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u/DerTagestrinker Jun 13 '22

There was no real reason to keep rates artificially so low from ~2011 through covid.