US Federal Reserve Confirms Interest Rate Hikes

Photo: Getty Images [via New York Post]

The Facts

  • Interest rates have been near-zero since 2020 amidst the uncertainty of the pandemic, but with rising inflation and low unemployment Fed officials are signaling an increase to the benchmark rate.

  • US Federal Reserve Plans Interest Rate Hikes


The Spin

Left narrative

The Biden administration is allowing economic experts to govern the economy. It is a welcome return to normalcy after years of Trump publicly waging war against the Fed for any efforts to manage threats of inflation and overheated markets.

Right narrative

Inflation is the highest its been for decades and Biden continues to press his irresponsible Build Back Better plan, which would only aggrevate the central problem of too much money chasing too few goods.


Political split

LEFT

RIGHT

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