also played a role and, you know, market forces this in bringing down inflation in the 1980s. but volcker is credited. there was a painful recession, and he s also jawboning. he doesn t want the stock market and the housing market to get carried away, because inflation is usually partly a symptom of overheating. and he wants things to cool down and, if necessary, he probably is willing to get very, very tough now by pulling after a band-aid all at once. get it over with. half measures, if they pail, could be much costlier later, and that s why we heard tough talk. he wants to warn, and he s also trying to shake up the stock market, the housing market because, unfortunately, now is not the time to overheat. he wants to cool down the economy a little bit. neil: real quickly then, scott, as the stock watcher here, on the next meeting are you expecting a three-quarter point hike? because that was what he did and the fed did in the last two. you know it, and i think he s got to do it.
financing in the u.s. government is about to get much costlier, biden s new law, the inflation reduction act will go some way towards leveling the playing field between under paid irs agents. but if republicans regain control of congress in november it could prove a short term victory. they can simply block the irs budget. the societal cost of this latest disinformation campaign is hard to count. millions of americans now think that the u.s. government is armed and out to get them. it s a whopper of a lie and lies have a way of taking root. ed, as you point out, senior members, like chuck grassley saying armed federal agents with ar-15s are going to kick in the doors of business owners. it s a conspiracy theory. we ve seen it before that. this isn t new, think of death
Leading private sector and government-run lenders including Punjab National Bank, ICICI Bank and mortgage lender HDFC have hiked their lending rates that will make home, car and other loans costlier.