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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
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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