Federal Reserve cuts key lending rate by half a percent--just before the election

Yesterday--just 44 days before the crucial November elections--the Federal Reserve board voted to cut its key lending rate by half a percentage point--twice what many analysts had expected.  

That move sharply lowered borrowing costs, which will do two things: goose the stock market, and increase inflation--both right before a presidential election.  Wow.

Experts say record-breaking inflation during harris's term as Porridgebrain's VP has been caused by huge deficit spending every year, as more money chases the same supply of goods.  So if you wanted to reduce inflation the last thing you'd want is to cut interest rates.  But perversely, the Fed board has guaranteed an increase in inflation to postpone the expected Biden-Harris recession until we're safely past the election.

And of course the totally moronic Harris praised the cut--because it gooses the market and pleases Wall Street--at the same time as she's bleating that she's, like, totally committed to cutting inflation, eh?

Statement from her "campaign"--meaning they had time to think it over to ensure it was exactly what they wanted to say:

"While this announcement is welcome news for Americans who have borne the brunt of high prices [i.e. inflation], my focus is on the work ahead to keep bringing prices down."

Wow: "to keep bringing prices down," y'say.  Wait...you imply that cutting the interest rate will bring prices down?  Tell us, you astonishing moron: how does cutting interest rates reduce inflation?  Classic economic theory says injecting billions of new dollars into an economy causes inflation.  But DEI hire (and biden's insurance policy against impeachment) harris claims the opposite is true, that flooding the market more dollars will "bring prices down."  Wow.  

The ignorance is strong in this moronic marxist.

Of all the Media lackeys in the country, you'd think at least a few would have asked economists if Cackles's statement was utter bullshit, eh?  But there's no indication that ANY leftist media has published a single word calling her campaign's statement nonsense.

And the Media are about to crown the totally moronic Cackles as your next president.  Wow.

Source.

https://acecomments.mu.nu/?post=411536