Officials are trying to understand why consumer spending, the job market and overall growth have not responded to the most aggressive interest rates in decades.
Officials are trying to understand why consumer spending, the job market and overall growth have not responded to the most aggressive interest rates in decades.
Though we should definitely raise taxes on the top 3 quintiles for a wide variety of reasons, your statement here is specifically why raising taxes to fight inflation doesn’t really work.
The vast majority of consumer spending is non-discretionary