History Warns: Recession Looms as Fed Maintains High Interest Rates

24.06.20 News

Despite falling inflation and reduced consumer spending, the Federal Reserve decided not to lower interest rates on June 12, raising concerns about a potential recession. Historically, restrictive credit policies have led to economic downturns, hurting ordinary people reliant on credit. Policymakers should heed past lessons that deflation is more dangerous than inflation and consider low rates and increased government spending to benefit the economy and citizens.

Share This Article

Choose Your Platform: Facebook Twitter Linkedin