Fed's Interest Rate Campaign Sends Shockwaves Through Global Economy

On today's episode Walter Smolarek and Prof. Richard Wolff discuss how the Federal Reserve’s relentless campaign to raise interest rates is having profound consequences not just in the United States, but around the world. As rates rise in the United States, the value of other currencies is plummeting, intensifying inflation and a whole host of other economic and social issues. Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can find his work at rdwolff.com. Please make an urgently-needed contribution to The Socialist Program by joining our Patreon community at patreon.com/thesocialistprogram. We rely on the generous support of our listeners to keep bringing you consistent, high-quality shows. All Patreon donors of $5 a month or more are invited to join the monthly Q&A seminar with Brian.