Posted 4/5/2024, 9:32:53 PM
Fed Likely to Hold Rates Steady Amid High Inflation, Strong Economy
- Federal Reserve not expected to cut interest rates this year due to rising inflation and strong economy
- Biden administration's massive spending contributing to inflation; Fed trying to restrain it
- Biden tax hike proposals could smash enterprise and economic growth
- Questions raised about quality of March jobs report and reliance on part-time work
- Falling real wages under Biden eroding public confidence in his ability to generate future prosperity
