Birdwatch Note Rating
2024-09-25 19:22:59 UTC - HELPFUL
Rated by Participant: A7B66CEB4B6BDCB559F51A8E8ECA5446C55D40F68270F648E38EF18B53D4F8B9
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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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