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The Ramsey Show Highlights

What the Fed Raising Rates Means for Your Money

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 23 May 2023

⏱️ 8 minutes

🧾️ Download transcript

Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel & Jade Warshaw. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the Ramsey Call of the Day, part of the Ramsey Network.

0:10.8

So the feds raised the rate again, another quarter of a point.

0:15.8

How many times have they done this now?

0:17.6

Well, they're just not smart.

0:20.4

You know, because the economy's just booming,

0:22.7

so we should definitely do things to screw it up and slow it down. We can't have that. And of course,

0:27.5

they want to get all the pain out of the way before there's a presidential election, so they're

0:31.4

getting all this crap out because people will forget to be mad two years from now.

0:35.4

Now's the time. This is the 10th time, it says, that they've raised the rates.

0:39.6

And all in a process to slow down inflation that was not caused by an overheated economy.

0:44.8

It was caused by an underheated supply chain caused by Fauci.

0:50.5

So attack the wrong problem. You get the wrong solution.

0:53.7

Yeah. You just should have fired him long before you finally got around to quitting and

0:58.4

then you've been better off.

0:59.9

When you have math done by the medical community, apparently they're not good at it.

1:04.3

So this is how we get into.

1:05.9

So anyway, yeah, yeah, so anyway, let me try to explain what I'm rambling about, mumbling

1:10.8

about here. So the problems let me try to explain what I'm rambling about and mumbling about here.

1:11.4

So the problems with inflation were caused by supply chain disruption.

1:16.7

Supply chain disruption is defined as a shortage of goods.

1:20.6

The shortage of goods, anytime there's a shortage of anything, it causes the prices to go up.

1:24.8

Remember toilet paper?

...

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