Source: Spencer Platt / Getty
With the interest rate hike set to be announced today, Politico reports that the Federal Reserve has waged a war on inflation, but it could lead straight to a recession:
“Fed Chair Jerome Powell has pledged to do whatever it takes to curb inflation, a point that he will punctuate on Wednesday when the central bank raises interest rates for the fifth time this year. The job seems nowhere near done, with the costs of everything from health care to rents soaring even as gas prices fall. But the Fed’s policies take time to feed through the economy, meaning the central bank could end up depressing economic activity more than necessary before realizing it, given the sheer speed at which it’s jacking up rates — the fastest pace in three decades.”
Chris McClain from WFNZ joins the program to discuss the ACC’s decision to move from Greensboro, NC to Charlotte NC.
Also, Vince discusses the racial divide in America as well as the ideas and philosophies that are rooted in victimology.
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