Birdwatch Note Rating
2024-09-26 10:12:33 UTC - NOT_HELPFUL
Rated by Participant: 51D8C1C584B5FC90C76F9DD906A14B85B957E2DAF18D547D09C08A47A70E872B
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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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