• Maeve@kbin.earth
    4·
    5 days ago

    Though Powell didn’t name it, he was clearly referring to “stagflation: slow GDP growth, high inflation, and high unemployment. The Federal Reserve refused to cut interest rates on Wednesday, as Powell described the concerns with Trump’s economic plans.

      • Maeve@kbin.earth
        2·
        5 days ago

        I’d be hard-pressed to find an economy other than socialism that didn’t, and gestures at everything in actual practice by actual humans, maybe not that. Barter maybe.