Impoverishing the American people is the worst way to deal with inflation.
It is now clear that the Fed is being far too aggressive with its rate hikes. The current spate of inflation is overwhelmingly being caused by factors outside the Fed’s control, and these blistering hikes may have already tipped the American economy into recession. But if it simply backs off, there is still a good chance that inflation will cool off of on its own.
detailed, the source of inflation has shifted considerably over the last year. At present, it is primarily coming from three main sources: energy, housing and groceries. The reason for rising costs in these areas aren’t ones that interest rates will likely affect. First, the Covid-19 pandemic caused enormous disruptions to economic production throughout the world, which will take years to repair. Those disruptions are ongoing in the largest manufacturing nation on Earth, China, thanks to its strategy of suppressing the spread of the virus with
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Biden 'bragging' about economy while Fed goes in 'opposite direction' of taming inflation: Andy PuzderFormer CKE Restaurants CEO Andy Puzder reacts to the July jobs report, warning economic negatives are getting ignored while positives are overemphasized.
Baca lebih lajut »
I’m Dreading the Fight I’m About to Have Over My New BabyDear Care and Feeding: I am so not ready for all the conflict coming my way.
Baca lebih lajut »
US economy adds 528,000 jobs in July, blowing past expectationsThe Labor Department's July jobs report provided a key snapshot of the labor market's health amid growing fears that the U.S. is headed for, or already in, a recession.
Baca lebih lajut »
Local Opinion: U.S. should act to save lives in UkraineOPINION: 'Yes, there may be hazards associated with antagonizing Mr. Putin, but the heroism displayed by the Ukrainians deserves a more robust commitment from the U.S.,' writes George Kalman, a retired Navy Captain and resident of Saddlebrooke.
Baca lebih lajut »
Is soaring inflation worse than the recession the Fed may trigger by aggressively fighting it?The Federal Reserve is hiking interest rates at its most aggressive pace in decades to bring down inflation that hit a 40-year high of 9.1% in June.
Baca lebih lajut »
Finally, a Texas-Style Breakfast Taco Place Is Opening in DCLa Tejana is graduating from pop-ups to a Mount Pleasant storefront.
Baca lebih lajut »