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, ...
As the Federal Reserve revs up the money-creating machine even higher, the money supply is already growing at the fastest ...
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 ...
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, ...
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 ...
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 ...
Former budget director Mick Mulvaney recently wrote that inflation “is too much money chasing too few goods.” That he was incorrect about inflation doesn’t indict him as much as it places him in a ...