Fed: Companies see largest profit growth in nearly 50 years
The Federal Reserve reports U.S. corporate profits have surged 25 percent, which is the biggest annual increase in close to 50 years. Some lawmakers are accusing companies of using the pandemic and supply chain issues as excuses to raise prices. Now, legislators may be taking steps to regulate potential corporate gouging.
Vermont Senator Bernie Sanders is among those says big corporations are using the pandemic and war in Ukraine to make money.
During a Senate Budget Committee Hearing, Sanders accused companies such as Tyson and Amazon, who he says...