Birdwatch Note Rating
2024-09-25 23:28:56 UTC - NOT_HELPFUL
Rated by Participant: 20C877DCF624C37CE1F2D87E368B0FE2437F0DFC055399A28ECB6BCFC8F0E164
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Original Note:
The reduction in inflation is the federal reserve’s job, and they do it by decreasing the money supply and increasing interest rates https://www.investopedia.com/articles/stocks/09/how-interest-rates-affect-markets.asp#:~:text=In%20general%2C%20rising%20interest%20rates,increases%20in%20demand%20increase%20prices. https://fred.stlouisfed.org/series/M2SL Also, most economists agree that the IRA did little - if anything - to reduce inflation. https://www.pbs.org/newshour/economy/inflation-is-down-but-the-inflation-reduction-act-likely-doesnt-deserve-the-credit
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