Inflation, a true box of Pandora

Because probably mr. Jerôme Powell will raise today FED's benchmarks, I would just say that it is a basic error to raise interests when we are in a recession.
If anyone wants to stop inflation, should stop wars that are pushing oil and energy prices up as well as food prices.
To US citizens I would like to say that raising FED's benchmark is raising interests   citizens have to pay for both their credits and the costs of public debt, that is mostly held for chinese and that is why in global currencies balance it is raising dollar value and sinking both euro and pound. This is no good for all. For US citizens it is easy to travel to Europe but it is increasingly harder for europeans or citizens from the rest of the world to travel to US or even to buy US goods either manufactored or others, that's why US is now in a recession and is pushing the rest of the world to a recession, even China's 2023 GDP is stagnation, not to think what good can a world in recession buy with a hiper undervalue euro or pound.
I personally blame FED's policy of raising its benchmarks for the recession in the US that is pushing both BoE and ECB to do the same that will endanger first western and southern europe's economies and then the rest of EU and the rest of the world. Politically and socially it could be a true box of Pandora.

Published on the 9 th of November on my Facebook page.

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