Iowa’s prodigious congressional tweeter, Republican U.S. Sen. Chuck Grassley, attempted to put inflation into terms Iowans and others could understand: via their pocketbooks. "Welcome 2 Pres Biden’s ...
There are different types of inflation that could affect your long-term savings and investments. One such type is called cost-push inflation, which happens when prices go up because production costs, ...
The U.S. economic situation has stumped many economists as inflation since the COVID-19 pandemic continues to defy simple explanations. In 2021, the Federal Reserve Board believed inflation was ...
Responding to stubbornly rising inflation, the U.S. Federal Reserve has pledged to raise interest rates more quickly than expected, which will likely dampen a red-hot housing market. On the other hand ...
WASHINGTON, DC - SEPTEMBER 18: Federal Reserve Chairman Jerome Powell speaks during a news conference following the September meeting of the Federal Open Market Committee at the William McChesney ...
Inflation isn’t a four-letter word, but the way that everyone from economists to TV pundits to politicians talks about it, it might as well be. Even if you don’t know exactly how inflation works, ...
According to the US inflation calculator, the inflation rate in the US averaged below 2 percent a year from 2012 through 2020. Then it shot up to seven percent in calendar year 2021 and so far in 2022 ...
With inflation a meaningful economic factor after a decades-long hiatus in many countries, households need no tutorial on its impact on their day-to-day spending, as budgets are stretched thin by ...
THE CURRENT business cycle has revealed a number of puzzles. Although in America the real economy seems immune to very large monetary tightening, inflation is still falling from historically high ...
Chuck Grassley, R-Iowa, a member of the U.S. Senate Finance Committee and its former chairman, has tied inflation costing households an extra $175 a month to President Biden. That extra $175 a month ...
The Liquidity Trap? Some economists believe the disinflation seen in the U.S. is mostly due to weak demand commonly seen during an economic recovery. A blog published in April by the St. Louis Fed ...