Warren’s economic ideas are closer to Chavismo than to standard economic thinking.
If you have been to a supermarket during the last year, you should have noticed that our economy is experiencing a rise in its inflation rate. In the last year, consumer prices have rose by 6.8 percent.
Annual inflation in the U.S. situates at 6.2 percent, the highest yearly rate in a generation. What should the Fed do now?
Dear readers,
Back in February, we at Freedom Today Network published a piece about President Biden's stimulus program.
While August's inflation was slightly lower than July's, yearly inflation is at 5.3 percent, and in key sectors like energy and vehicles, inflation is much higher.
Note:
“Chairman Powell is right; the Fed has to be cautious with the country’s inflation rate. High levels of inflation would harm middle-class Americans the most, which is the reason the Fed should have this under control.”
This week, the Labor Department said that the U.S. consumer-price index had increased by 5.4 percent from June 2020 to June 2021, the highest 12-month rate since August 2018.
