US Economic Crisis Worsens Despite Moves to Bolster Finance Sector and Tame Inflation
May 2nd 2023 1:37pm EDT
While the US Federal Reserve uses interest rates as a bludgeon against inflation, Congress wrangles over the government debt limit. Linwood Tauheed, associate professor of Economics at the University of Missouri-Kansas City, warned the cure to the economic crisis could be worse than the sickness.
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