High interest

During the campaign Biden promised to end Covid saying Trump couldn't do it and 200,000 have died. Well Biden couldn't end Covid either even with the vaccine. It finally ended on its own with natural immunity doing what it does. The failure to end Covid was replaced with the Covid relief act spending $1.9 trillion dollars which then led to inflation which led to the Fed raising rates which led to higher interest rates. High energy cost are now combined with high interest rates to add economic burdens to the people especially those in the mid to low income groups. The Covid act gave out so much money that many people decided they didn't need to work which reduced productivity which added to inflation. The Fed will add .75% today for the third time this year and this will continue well into next year as they expect inflation to be a problem until 2025. The US must crank up its production of oil and natural gas which will lower the cost of transportation and thus lower the cost of all goods. This will help the Fed reach its goal of 2% inflation. The recently enacted Inflation Reduction Act just added more money to the economy and the canceling of student debt will add more. The government is fighting itself. Someone in government has to step up and take charge.