Deepin Moments: 6 Interest Rate Hikes Can’t Save America, Ghana Announces Gold Instead of the Dollar

Deepin Moments Dec 1, 2022 After the Federal Reserve raised interest rates six times in a row, accumulating 375 basis points, Fed officials have been admitting that rate hikes can’t save the U.S. from inflation. In the latest meeting of the U.S. Federal Reserve Board, officials at all levels found a very serious problem: although the Fed raised interest rates, to reduce inflation to some extent, but still can not reach the target level, inflation is more difficult to reduce than they envisaged. This means that the future of the Fed will slow down the pace of interest rate increases….