Birdwatch Note Rating
2024-09-26 15:16:02 UTC - NOT_HELPFUL
Rated by Participant: 6E0A8B772FFE95BCBAF9AA94A13BA306F16A58DC50FF90740E0E95D3ACBC7DA6
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
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