Reposted by Sheila Bair
"Conventional wisdom says that interest rate cuts help Main Street and rate increases hurt them. Conventional wisdom is wrong." - oped from @sheilabair.bsky.social here as.ft.com/r/11676212-2...
as.ft.com
For once, the Fed has put Main Street before Wall Street
Rather than criticising the central bank’s rate increase, Republicans should be praising Warsh for putting American families first