you can have your opinion but you cant just have your own facts. Low interest rates in US has led to high inflation and that 0.5% is being increased month by month to combat inflation. Interest rates are expected to reach 2-3% by the end of the year and if the inflation does not subsidize than it is going to be 8% next year. Over all US is staring at stagflation.
Wells Fargo's CEO says there is 'no question' that the US is heading into a downturn, and it will be hard to avoid recession
Charlie Scharf said while a recession in the US seems hard to avoid, the strength of businesses and consumers would dampen its effects.
On the contrary US might have helped russia indirectly as they had to increase the interest rates immediately to beat the inflation instead of bleeding slowly. By the way russia is not the only country to have high inflation even turkey has the same issue but they still managing.
If Biden does not bring inflation under control by the end of november when senate elections are slated to held he will lose terribly and end up becoming a lame duck president. Russian oil can do a lot many things for Biden & co rt now.
