{"id":917691,"date":"2022-12-13T06:02:31","date_gmt":"2022-12-13T06:02:31","guid":{"rendered":"https:\/\/www.counterpunch.org\/?p=268207"},"modified":"2022-12-13T06:02:31","modified_gmt":"2022-12-13T06:02:31","slug":"the-real-goal-of-fed-policy-breaking-inflation-the-middle-class-or-the-bubble-economy","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2022\/12\/13\/the-real-goal-of-fed-policy-breaking-inflation-the-middle-class-or-the-bubble-economy\/","title":{"rendered":"The Real Goal of Fed Policy: Breaking Inflation, the Middle Class or the Bubble Economy?"},"content":{"rendered":"<p>\u201cThere is no sense that inflation is coming down,\u201d\u00a0said Federal Reserve Chairman Jerome Powell\u00a0at a November 2 press conference, \u2014 this despite eight months of aggressive interest rate hikes and \u201cquantitative tightening.\u201d On November 30, the stock market rallied when\u00a0he said\u00a0smaller interest rate increases are likely ahead and could start in December. But rates will  <a href=\"https:\/\/www.counterpunch.org\/2022\/12\/13\/the-real-goal-of-fed-policy-breaking-inflation-the-middle-class-or-the-bubble-economy\/\">More<\/a><\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.counterpunch.org\/2022\/12\/13\/the-real-goal-of-fed-policy-breaking-inflation-the-middle-class-or-the-bubble-economy\/\">The Real Goal of Fed Policy: Breaking Inflation, the Middle Class or the Bubble Economy?<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.counterpunch.org\/\">CounterPunch.org<\/a>.<\/p>\n\n<p class=\"syndicated-attribution\">This post was originally published on <a href=\"https:\/\/www.counterpunch.org\/2022\/12\/13\/the-real-goal-of-fed-policy-breaking-inflation-the-middle-class-or-the-bubble-economy\/\">CounterPunch.org<\/a>. <\/p>","protected":false},"excerpt":{"rendered":"<p>\u201cThere is no sense that inflation is coming down,\u201d\u00a0said Federal Reserve Chairman Jerome Powell\u00a0at a November 2 press conference, \u2014 this despite eight months of aggressive interest rate hikes and \u201cquantitative tightening.\u201d On November 30, the stock mark&#8230;<\/p>\n","protected":false},"author":127,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"_links":{"self":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/917691"}],"collection":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/users\/127"}],"replies":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/comments?post=917691"}],"version-history":[{"count":1,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/917691\/revisions"}],"predecessor-version":[{"id":917692,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/917691\/revisions\/917692"}],"wp:attachment":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/media?parent=917691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/categories?post=917691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/tags?post=917691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}