/biz/ - Business & Finance

The Fed is just gona keep raising rates even though we just had several of the largest regional banks in the Us fail and their plan to allow this is to print 350 billion dollars for the share holders and liquidate FDIRC small holders insurance to pay for multi billion dollar venture capitalist bank accounts??
Who the fuck exactly this is a viable fucking plan for the laid out goals of the fed???
At minimum
At bare fucking MINIMUM this undo basically everything the fed has (ineffectually) done to tighten the money supply over the last year and bring us back to the double didget cpi and ppi of last summer.
The fuck are they genuinely thinking?
Their role is to keep inflation at 2% and unemployment bellow 4%.
This shit will obviously keep inflation out of their target and probably drive enough mid cap companies out of business unemployment start’s shooting up as well.
What the fuck
>inb4 “lol yeah the fed serves bankers first not Americans imagine that”
Yeah no shit but even Berake their was the fucking ARGUMENT all this was being done to keep unemployment from
>”rising further”
Again,
Unemployment is at an all time LOW
The fed is RAISING interest rates to “combat inflation” while printing hundreds of billions
What
The
FUCK