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They’ve fallen a bit since the high in 2023, but the last time they were this high before COVID was early 2008. And he wants them to go up?
I mean, when the pedo in chief is driving up ever more inflation then yes.
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I never said it was…
The point is to slow inflation and higher rates decrease new car purchases, house purchases, investments, etc etc.
It’s a blunt tool but that’s the eli5.