Bernanke: Fed’s slow response to inflation was ‘mistake’

Bernanke: Fed’s slow response to inflation was ‘mistake’

This post was originally published on this siteFormer Federal Reserve Chairman Ben Bernanke said the central bank made a “mistake” by responding too slowly to surging inflation. In a Monday interview with CNBC, Bernanke said the Fed should have started the process of hiking interest rates sooner than it did...

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Nations move to tackle inflation, increasing risk to global economies

Nations move to tackle inflation, increasing risk to global economies

This post was originally published on this siteThere’s increasing risk that the Fed and other central banks that are implementing anti-inflation policies may adjust too slowly to a complex and fast-changing global landscape.

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Stock futures fall after inflation report

Stock futures fall after inflation report

This post was originally published on this site   Stock futures traded lower early Thursday morning after the latest CPI data showed inflation was still on the rise. Futures contracts linked to the Dow Jones Industrial Average lost 64 points, or 0.2%. S&P 500 and Nasdaq 100 futures fell 0.2%...

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The Fed Needs to Get Real About Interest Rates

The Fed Needs to Get Real About Interest Rates

This post was originally published on this siteSugarcoating the outlook will only complicate its job and undermine its credibility.

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Biden to address inflation as Republicans make it top issue in midterms

Biden to address inflation as Republicans make it top issue in midterms

This post was originally published on this sitePresident Joe Biden will outline his efforts to fight inflation and lower consumer prices in a speech from the White House on Tuesday.

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States Turn to Tax Cuts as Inflation Stays Hot

States Turn to Tax Cuts as Inflation Stays Hot

This post was originally published on this siteTax reductions and rebates that are being proposed to help people cope could have the unintended effect of pushing prices higher.

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Just 23 percent in new poll rate economy somewhat good

Just 23 percent in new poll rate economy somewhat good

This post was originally published on this siteFewer than a quarter of Americans rated the state of the economy as somewhat good in a new poll. Just 23 percent of respondents in the CNN survey out late Wednesday said they thought conditions are somewhat good. That percentage has dropped sharply...

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‘The economics of everything’: Ohio voters say inflation is their top concern

‘The economics of everything’: Ohio voters say inflation is their top concern

This post was originally published on this siteAfter casting their early Ohio primary ballots last weekend, voter after voter — those who grabbed Democratic ballots and Republican ballots — identified the same issue as the most important to them: inflation.

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The Amazon Economic Indicator Says Inflation Is Easing

The Amazon Economic Indicator Says Inflation Is Easing

This post was originally published on this siteThe company’s massive size and reach make it a good bellwether, and its latest earnings suggest supply and demand are coming back into balance.

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Biden’s $1.9T stimulus caused inflation, critics say. But others argue it saved the economy.

Biden’s $1.9T stimulus caused inflation, critics say. But others argue it saved the economy.

This post was originally published on this siteSome economists say Biden’s $1.9T American Rescue Plan was a big contributor to inflation. Others say the stimulus saved the economy.     

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