Commentary
Bloomberg News is concerned that rate hikes by the Federal Reserve to “fight inflation” may put the 2024 reelection of President Joe Biden and Vice President Kamala Harris at risk by pushing the U.S. economy into a recession.
Here is an excerpt from a Bloomberg article on June 15 that identifies the political danger for the White House: “A downturn by the start of 2024, barely even on the radar just a few months ago, is now close to a three-in-four probability, according to the latest estimates by Bloomberg Economics.”
The rest of the article is written from the Democrat point of view—from discussing Democrat priorities to hand-wringing about esoteric efforts to “reduce inflation” while ignoring root causes….