Fed's Interest Rate Campaign Sends Shockwaves Through Global Economy

<p>On today's episode Walter Smolarek and Prof. Richard &nbsp;Wolff discuss how the Federal Reserve’s relentless campaign to raise &nbsp;interest rates is having profound consequences not just in the United &nbsp;States, but around the world. As rates rise in the United States, the &nbsp;value of other currencies is plummeting, intensifying inflation and a &nbsp;whole host of other economic and social issues.</p> <p>Professor Richard &nbsp;Wolff is an author &amp; co-founder of the organization Democracy at &nbsp;Work. You can find his work at rdwolff.com.</p> <p>Please make an urgently-needed contribution to The Socialist Program by joining our Patreon community at <a href="https://gate.sc/?url=http%3A%2F%2Fpatreon.com%2Fthesocialistprogram&amp;token=7eeec7-1-1664348370326" rel="nofollow ugc" target="_blank" title="http://patreon.com/thesocialistprogram">patreon.com/thesocialistprogram</a>. &nbsp;We rely on the generous support of our listeners to keep bringing you &nbsp;consistent, high-quality shows. All Patreon donors of $5 a month or more &nbsp;are invited to join the monthly Q&amp;A seminar with Brian.</p>