See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

The Fed is setting out to kill inflation. Brace for collateral damage.

Posted on AllSides February 17th, 2022
From The Left
economic policy, Federal Reserve, inflation, interest rate
Nam Y. Huh/AP Photo, file

American wages are surging at the fastest clip since 1983, driven by a booming economy and intense competition for workers. Now, that momentum is in danger of being crushed as the Federal Reserve faces mounting pressure to fight an all-out war against inflation.

The spike in consumer prices has fueled market expectations in recent days that the Fed will accelerate its plans to hike interest rates to slow down the economy. That has increased concern among labor advocates and other Democratic Party allies that the central bank might undercut the...

Read full story

AllSides Picks

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right