The United States has been looking to increase interest rates. Still, many left-leaning political officials disagree with this action claiming that higher interest rates would do little to help the economy because these inflation rates have little to do with the US economy and more with global issues such as the war in Ukraine and price gouging by significant corporations. As one senator of Massachusetts, Elizabeth Warren, said, "You are gambling with people's lives," referring to this decision possibly leading to a much higher risk of damage to employment and then benefits for the economy.
Ryan Lawrence
https://www.bbc.com/news/business-64881469
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