Paddy Quick Explains Interest Rate Hikes, Government-Engineered Increase in Unemployment
b'The U.S. is experiencing an inflation rate of almost 8%, the highest it\\u2019s been in 40 years. The cost of just about everything is going up, up and up. To rein in inflation, the Federal Reserve plans to steadily increase interest rates over the coming year. To help us better understand what the Federal Reserve is, why it\\u2019s doing what it\\u2019s doing and who the winners and losers, Paddy Quick joins us. Quick is a retired professor of economic at St. Francis College in New York, a member of the Union of Radical Political Economists and a contributing writer for The Indypendent. Her latest piece, is titled \\u201cGet Ready for a Government-Engineered Increase in Unemployment." Read it here: https://indypendent.org/2022/03/get-ready-for-a-government-engineered-increase-in-unemployment/'