Inflation continues its relentless march, eating away at workers’ wages. Consumer prices rose 9.1 percent year-over-year in June, the fastest since 1981. The median American household is now losing more than $2,700 per year in purchasing power. As always, regular Americans are stuck with the tab for reckless monetary and fiscal policy. The Federal Reserve is primarily responsible for inflation. Even with aggressive interest rate hikes, the central bank is behind the curve. The money supply has risen more than 40 percent in two years, far outpacing the market’s demand for liquidity. Inflation is the predictable effect. Congress is partly to blame, too. Politicians have run up nearly $6
Hence then, the article about the fed needs a single mandate was published today ( ) and is available onThe Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( The Fed needs a single mandate )