Money Supply

Opinion

Opinion: Fed Must Act Now to Stop Runaway Inflation – Inside Sources

Price inflation in the United States is getting out of control. Americans are seeing prices rise at the fastest rates in 40 years. Until recently, the Federal Reserve — the agency tasked with ensuring price stability — has been unwilling to address the problem. In recent months, the Fed has finally started raising short-term interest

Inflation

Powell: Fed aims to avoid recession but says it’s possible – Associated Press

Federal Reserve Chair Jerome Powell sought Wednesday to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as to throttle the economy and cause a recession. Testifying to the Senate Banking Committee, Powell faced skeptical questions from members of both parties about

Financial

Opinion: Will the Fed Curb Inflation, or Will Politics Prevail? – Inside Sources

The Consumer Price Index (CPI) has been increasing at close to a 5 percent annual rate. The Federal Reserve just announced its plans to begin tapering its bond purchases—essentially scaling back an economic stimulus—later this month, but the market is not expecting it to aggressively fight inflation by raising interest rates until the middle of next year. Politics

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