Birdwatch Note Rating
2024-09-27 06:55:48 UTC - NOT_HELPFUL
Rated by Participant: 246DDFB8D3EF19F007659CC0826D3ECFC5B6B5688B1F03CF6845A2F66D357167
Participant Details
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
All Note Details