KTRH Local Houston and Texas News

KTRH Local Houston and Texas News

KTRH-AM covering local news from Houston and across Texas.

 

Fear Of A Fed Error Is on The Rise As American Consumers Pinch Pennies

Not only is the economy bad due to 'Biden-flation', there is also now a growing fear of Fed error for the remainder of the year.

"Many hard working Americans worry about the government looking in their rearview mirror, as opposed to looking out the windshield as to what may be coming down the road" said money and business expert, Derrick Kinney.

And with no interest rate cut coming anytime soon, the Fed fallout is understandable, and it's why more and more Americans are now pinching pennies.

"That's the perception that many Americans have right now" Kinney told KTRH, "That there's no one at the wheel, the worry though is if they've waited too long and inflation comes back again, and there really is that second punch to the gut."
The next Federal Reserve meeting (FOMC) is set for the end of July.

Fed Chair Jerome Powell Holds An News Conference On Interest Rates

Photo: Kevin Dietsch / Getty Images News / Getty Images


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