The fastest way to slow inflation would be to end the war making. It was not a coincidence that federal reserve raised rates just after the start of eastern European hostilities.
Here’s an article from November 2021 where they report that the Federal Reserve is planning to start hiking the prime rate: https://www.cnbc.com/amp/2021/11/24/federal-reserve-releases...
Article about how Vice Chair Richard Clarida was telegraphing upcoming rate hikes in August 2021: https://www.axios.com/2021/08/05/fed-vice-chair-clarida-rate...
Outside of situations like March 2020 and the GFC, The Fed generally telegraphs their moves far ahead of time to give market participants time to reposition.
The Ukraine War has almost nothing to do with US inflation. Have you even bothered to look at a chart of inflation? By your logic, inflation would have shot up from nothing as soon as the war started.
But of course, inflation was already humming right along when Russia invaded in February 2022. Maybe you don't know how to google things? I'll help, here's a link.
https://tradingeconomics.com/united-states/inflation-cpi
As you can see, the Ukraine War caused inflation to begin rising two years before Russia even invaded! Impressive investigative work, Watson!
The Ukraine War is responsible for a significant portion of US inflation. Not all, but maybe a third, at its peak.[1]
But as other posters have mentioned, the FED had been telegraphing raising interest rate hikes for months prior to the war. I would wager the acceleration of inflation accelerated their rate hikes, but hikes were coming nonetheless. Russia essentially made a difficult situation much worse.
That said, we can no more end that war than we can invade Russia and force them to withdraw. The best policy going forward is to continue to support an ally who was aggressed upon, one whom we promised to protect in case they were invaded in return for them giving up their nuclear weapons only thirty years ago.[2]
1. https://www.marketwatch.com/story/the-russian-invasion-of-uk...
Consider what USA would do if China was arming Canada or Mexico and visiting those countries encouraging attacks on USA. As an actual example, consider the panic and fear in USA when Soviet missiles appeared in Cuba.
I'm disgusted by the wasted treasure of USA meddling in eastern Europe. Spend the funds at home.
We could encourage Zelensky to abide by 2016 Minsk agreement to allow Donbas to vote on it's own future direction. Democracy good, right? Let them vote, as was agreed.
Ukraine had problems with corruption, but they were trending in the right direction, and their democracy was working. Russia, on the other hand, has a long history of murdering political dissidents and journalists, and their democracy was a sham. Ukraine was clearly ideologically aligned with western interests; Russia was clearly not.
I'm wholly in favor of inducting Ukraine into NATO once this is over and helping them rebuild. Russia can get fucked.
China is watching. We fail to honor our promise to Ukraine at Taiwan's peril. Appearing weak on our promises to allies invites World War.
Finally, $75 billion is an absolute bargain to effectively destroy one of our longest-standing enemies.
Defending Ukraine was correct morally, ethically, ideologically, and strategically. It boggles my mind that right wingers argue against it with a straight face.
You are spreading Russian propaganda. Stop doing that.
https://blogs.lse.ac.uk/politicsandpolicy/exposing-the-myth-...
Lindsey Graham and John McCain and Hunter Biden had interests there, but Ukraine is not in NATO and was set up in 1994 to not ally with either side. USA has no actual defense agreement there yet is now running a proxy war against Russia.
If that is good for USA, then let Congress debate it and declare war. Russia is not my enemy, despite the propaganda.
We had every reason to defend Ukraine, and very few to abstain from doing so. That we also got Russia's collapse for a pittance in the bargain is just icing on the cake.
You have drank the koolaid, and are likely still doing so. Stop doing that.
Why don't we encourage Russia to abide by the 1994 agreement where they gave assurances to Ukraine they would never invade and never threaten sovereignty?.
I am interested in why everyone is so keen and insistent that Ukraine abide by the 2016 Minsk agreement, but Russia is free to violate any or all agreements they have with Ukraine.
I think what Russias flagrant breaking of the multiple treaties and agreements they have with Ukraine has shown us is that Russia is not interested in abiding by international agreements when it doesn't interest them.
So my question is then, why would Minsk be any different?, the answer its not, Russia will break it the moment it benefits them, they have in fact already broken the Minsk agreements multiple times.
The only thing that will stop Russia is military force, they need to be physically stopped before they will start caring.
Merkel indicated the West 2016 Minsk agreement was never going to upheld and was to buy time to arm Ukraine. Now who would trust the West?
https://ho1.us/2022/12/ukraine-war-merkels-confession-about-...
If you don't think they should be obligated to follow there agreements then why should you expect Ukraine to follow any of theres?.
> Merkel indicated the West 2016 Minsk agreement was never going to upheld and was to buy time to arm Ukraine. Now who would trust the West? https://ho1.us/2022/12/ukraine-war-merkels-confession-about-...
If you're going to make claims like this please use credible sources. "ho1.us"?
https://www.dw.com/en/angela-merkel-opens-up-on-ukraine-puti...
https://news.yahoo.com/putin-disappointed-merkels-words-mins...
"... ex-Chancellor Angela Merkel, where she claimed that the Minsk agreements of 2014 enabled Ukraine to prepare for the war with Russia."
The 2016 Minsk agreement included Donbas vote on their own self-sovereignty. Zelensky won't allow the vote, and is restricting religious practices there.
Minsk II failed to implement because the “separatists” (ie Russian soldiers outside uniform) did not obey the ceasefire and neither did some of the Ukrainian battalions.
We all know that Minsk II was never gonna last though.