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How The U.S. Made Inflation Worse
Posted
July 27, 2022
Views
1,145,485
Likes
12,685
Comments
2,866
Engagement
1.36%
July 27, 2022
1,145,485
12,685
2,866
1.36%
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12:19Now PlayingIn recent months, the Federal Reserve made avoidable mistakes that fueled inflation. That's the view of a range of economists and policymakers, including some voting members of the Federal Open Market Committee. In the spring, some FOMC members called for an end to the extraordinary levels of monetary and fiscal stimulus provided in the depths of the pandemic. The central bank must now raise interest rates at a fast pace to combat rising prices, potentially dampening economic growth in the U.S. The Federal Reserve was contacted for comment but is in a media blackout before the expected rate announcement later today.
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How The U.S. Made Inflation Worse
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