Birdwatch Note Rating
2024-10-31 04:03:19 UTC - HELPFUL
Rated by Participant: B16B48C89910DBC3E4C0BD8E65A8465BDC82FB7106679CBFCF245BF25ACA5336
Participant Details
Original Note:
Governments have TWO methods of fighting inflation: Monetary Policy and Fiscal Policy. https://www.federalreserve.gov/faqs/money_12855.htm The Inflation Reduction Act was a Fiscal Policy intended to suppress price increases (ie, inflation), not to reduce prices (ie, deflation). The Fed raising rates was Monetary Policy.
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