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The Triad

The Fed Will Matter More for 2022 and 2024 than the Fate of Roe

It’s the interest rate, stupid.

Jonathan V. Last's avatar
Jonathan V. Last
May 10, 2022∙ Paid
43
U.S. Federal Reserve Chair Jerome Powell (Bulwark Composite / Photos: GettyImages / Shutterstock)

1. Rates

While everyone was focused on the fate of Roe last week, the Federal Reserve raised interest rates by half a point.

I suspect that this rate hike will have at least as much impact on the midterm election as the eventual Roe/Dobbs decision.

First off, 5…

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