Birdwatch Note Rating
2023-06-23 16:59:01 UTC - HELPFUL
Rated by Participant: 8008603D3AB077F65144C2CFA100110CB2E989E3DE15381769F4398BF1412C8C
Participant Details
Original Note:
The "Inflation Reduction Act" was expected to have a "negligible effect on inflation" in 2022 & 2023, according to the CBO. https://www.budget.senate.gov/imo/media/doc/58357-Graham.pdf Increases in the interest rate by the Federal Reserve is widely thought to be the primary driver of lower inflation. https://www.investopedia.com/articles/stocks/09/how-interest-rates-affect-markets.asp
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