US rulers jack up interest rates, deepen crisis for workers, farmers
Vol. 86/No. 25 - July 11, 2022![Protests have erupted worldwide fighting soaring inflation. Above, hospital nurses and medical workers protest in Harare, Zimbabwe, June 21. They rejected government pay offer of 100%, saying it didn’t come close to inflation rate of 130% as food costs, fuel prices are exploding.](https://themilitant.com/wp-content/uploads/2022/07/Harare_8625-300x218.jpg)
Facing a spreading economic crisis and soaring inflation, especially in things workers need, the U.S. rulers have launched steps that will fuel a deeper downturn in production and jobs. In a model of understatement, Federal Reserve Chair Jay Powell told…