Inflation and Rate Hikes Leave Americans Feeling Poorer Despite Recent Drops
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Inflation remains high despite recent drops, so Americans still feel poorer as prices haven't returned to pre-pandemic levels.
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Ultra-low interest rates have fueled inequality by making housing unaffordable for many families now facing much higher mortgage rates.
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The Fed contributed to current economic woes through years of loose monetary policy and money printing.
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Reversing the damage will take years and impose major costs on American families.
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Talk of a "soft landing" ignores the economic pain many families have already suffered and will continue to endure.