Posted 4/27/2022 13:32 (#9634685 - in reply to #9633825) Subject: RE: Increasing interest rate to stop inflation????
NC IA
I'm all for increasing rates, honestly it should have been done sooner than it has been.
Its one of the best tools to fight inflation, it makes borrowing money more expensive, which will help slow spending/buying. This should help allow the supply chain to catch up to the current demand we have. Gas prices being high are doing the same thing - shrinking the amount of discretionary funds people have to spend on extras.
Increasing interest rate to stop inflation????
