Analysis: How it came to this: The Fed and White House's slow inflation awakening

Posted on AllSides June 15th, 2022
From The Center
banking and finance, Federal Reserve, White House, Inflation
REUTERS/Joshua Roberts/File Photo
ANALYSIS

President Joe Biden's top officials and Federal Reserve Chair Jerome Powell were quick to dismiss the first embers of inflation in the spring of 2021 in a single word: Transitory.

More than a year later, price increases at 40-year peaks have proven to be anything but, so much so that the Fed this week appears ready to hike interest rates by the most since 1994 to quell them. Biden, meanwhile, is paying the political price for being the face Americans blame for $5 a gallon gas and 10% price increases...

Read full story

Reuters

AllSides Media Bias Rating: Center
AllSides Media Bias Rating: Center
106731/84338
See full bias rating for Reuters
Learn about media bias
Analysis: How it came to this: The Fed and White House's slow inflation awakening

More News about Banking and Finance from the Left, Center and Right

From the Left

From the Center

From the Right