Understanding this is everything in this situation. So, raising interest rates likely is helping poor people while completely destroying banks because of what they tend to invest in normally. So, as the Fed Raises interest rates more just expect more and more banks to fail. This is a given if the Fed keeps raising interest rates. Banks will fail if the Fed continues doing this.
So, in order to prevent mass banking collapse (possibly worldwide) the Fed has to realize that it cannot raise the Interest Rates ANYMORE or it's going to not only cause a serious recession it could also cause a worldwide Great Depression.
They have to stop raising interest rates now or they will possibly destroy the whole world economy.
This is just reality and that's all.
Like I said before, INFLATION cannot be stopped and poor people worldwide are going to suffer a lot because of it. But, the Fed continuing to raise interest rates will destroy all the banks. Understanding this is everything now.
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