Thread by @mgoldfarb999

@goodday6390 “…the Fed’s plan to slow the economy is the opposite of what’s needed now or in the foreseeable future. Covid is still with us.’[Read more at bit.ly/3LgetDZ by @RBReich via @guardianUS]

“Even in its[Covid] wake, we’ll be dealing with its damaging consequences for years: everything from long-term Covid to school children months or years behind.”[Read more at bit.ly/3LgetDZ by @RBReich via @guardianUS]

“…the Fed’s plan to slow the economy is the opposite of what’s needed now or in the foreseeable future.”...“Friday’s jobs report shows that the economy is still 2.9m jobs below what it had in February 2020.”[Read more at bit.ly/3LgetDZ by @RBReich via @guardianUS]

“…the Fed’s plan to slow the economy is the opposite of what’s needed now or in the foreseeable future.”...”Given the growth of the US population, it’s 4.5m short of what it would have by now had there been no pandemic.”[bit.ly/3LgetDZ by @RBReich via @guardianUS]

“…the Fed’s plan to slow the economy is the opposite of what’s needed now or in the foreseeable future.”...“Consumers are almost tapped out. Not only are real (inflation-adjusted) incomes down but pandemic assistance has ended.[bit.ly/3LgetDZ by @RBReich]

“…the Fed’s plan to slow the economy is the opposite of what’s needed now or in the foreseeable future.”...”Extra jobless benefits are gone. Child tax credits have expired. Rent moratoriums are over.[Read more at bit.ly/3LgetDZ by @RBReich via @guardianUS]

“…the Fed’s plan to slow the economy is the opposite of what’s needed now or in the foreseeable future.”...”Small wonder consumer spending fell 0.6% in December, the first decrease since last February.”[Read more at bit.ly/3LgetDZ by @RBReich via @guardianUS]

“…the Fed’s plan to slow the economy is the opposite of what’s needed now or in the foreseeable future.”...“Many people are understandably gloomy about the future.[Read more at bit.ly/3LgetDZ by @RBReich via @guardianUS]

“…the Fed’s plan to slow the economy is the opposite of what’s needed now.”...[@UMich]consumerSentiment survey plummeted in [Jan]2Lowest levelSince late 2011, back when the economy was trying to recover from the global financial crisis.[bit.ly/3LgetDZ by @RBReich]

“…the Fed’s plan to slow the economy is the opposite of what’s needed now.”..“The.[@UMich Conference Board’s index of confidence also dropped in January.”[bit.ly/3LgetDZ by @RBReich]

“Given all this, the last thing average working people need is for the Fed to raise interest rates and slow the economy further. The problem most people face isn’t inflation. It’s a lack of good jobs.”[Read more at bit.ly/3LgetDZ by @RBReich via @guardianUS]

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