“With inflation, Americans are just prone to suffer more”

by
Sharing is Caring!



See also  Kamala Harris BRIBERY BOMBSHELL! Staff TURNS On Her & LEAK REAL Payment Made To Oprah Was WAY MORE!

Jerome Powell is spoiling the party.

  • Fed Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected, likely keeping interest rates elevated for an extended period.
  • “We did not expect this to be a smooth road. But these [inflation readings] were higher than I think anybody expected,” Powell said in Amsterdam. “What that has told us is that we’ll need to be patient and let restrictive policy do its work.”
  • Tuesday brought a fresh round of discouraging inflation data, when the producer price index rose a higher-than-expected 0.5% in April.
See also  40% of the inflation spike was attributable to Federal spending, while increases in producer prices accounted for only 10%: MIT Economists


Views: 129

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.