Congress and the White House Can Provide Relief from High Oil and Drug Prices
Economy And Jobs,Inflation,Business,Labor,Trade,Supply Chains,Federal Reserve,Interest Rates,World,Gas Prices,Housing Market,Energy,Politics,Joe Biden
From the Left
AllSides Media Bias Rating: Lean Left
Americans are worried about inflation. But what can the government do about it?
The traditional response to inflation looks to the Federal Reserve to raise interest rates and cool the economy. Notwithstanding the risk of provoking a recession, the Fed is doing this—but it will take a decent period of time for interest rate hikes to reduce inflation.
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