To paraphrase Jerry Seinfeld’s would-be paramour, “Inflation is real….and it is spectacular.” Spectacularly bad, says economist Stephen Moore, noting the annual inflation rate in the U.S. surged to 6.2 percent in October, the highest since November 1990. And the reason is simple, Moore says. “There are too many dollars chasing too few goods.” Democrats who just
Low Interest Rates
If you find the current economy a bit confusing, don’t worry: So does the nation’s top economic official, Federal Reserve Chair Jerome Powell. At a highly anticipated news conference Wednesday, Powell said the Fed was sticking by its bedrock economic forecast: COVID-19 will eventually fade, which, in turn, will enable supply chain bottlenecks to unsnarl.