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The Fed Should Not Punishing Working People for Inflation Driven by Big Oil’s Greed

Interest rate hikes are a blunt and imprecise tool that won’t tackle current sources of inflation, particularly our overdependence on volatile fossil fuels. The best way forward is to shift finance away from fossil fuels, and jump-start a transition to…

Interest rate hikes are a blunt and imprecise tool that won't tackle current sources of inflation, particularly our overdependence on volatile fossil fuels. The best way forward is to shift finance away from fossil fuels, and jump-start a transition to renewable energy.


This content originally appeared on Common Dreams - Breaking News & Views for the Progressive Community and was authored by Akiksha Chatterji.


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