Browsing Tag
Inflation
30 posts
Food Prices Rise Fastest Rate Since 1970s
Despite slowing inflation in July, food prices have continued to rise at historic levels, the U.S. Bureau of…
Fed President Warns Inflation ‘Higher Than We Expect,’ Spreading Nationwide
The president of the Federal Reserve Bank of Minneapolis warns that the current rate of inflation is “very…
National Farmers Group President Sends Warning to Biden: ‘We’re Heading for a Food Shortage’
Record-high inflation and high fuel and fertilizer prices have put the U.S. en route to a food shortage,…
White House Downplays Upcoming Release of ‘Elevated’ Inflation Numbers
Biden White House continues to blame high inflation numbers on Russian war on Ukraine.
Inflation May Get Much Worse This Summer, and Could Linger ‘Many Years’, Experts Warn
Economists at Goldman Sachs hiked their inflation projections this weekend and warned clients that recent strong price spikes…
Fed Chair Cuts the Legs Off Biden’s ‘Putin Price Hike’ Spin
Chair of the Federal Reserve Jerome Powell contradicted Wednesday claims from President Joe Biden that “Putin’s price hike”…
U.S. Mulls Lifting Some China Tariffs to Fight Inflation
U.S. Commerce Secretary Gina Raimondo said on Sunday that President Joe Biden has asked his team to look…
China Taunts Biden Administration Over Ukraine Arms Sales, High Inflation
U.S. officials have expressed concern about reports that Russia has requested military and economic support from China
Treasury Secretary Predicts Whole Year Of ‘Very Uncomfortably High’ Inflation
Yellen noted that because both Russia and Ukraine are major wheat producers, the world has seen an impact on food prices amid the invasion, as well as a "very meaningful increase" in gas prices.
Highlights From Biden’s Marathon 2-Hour Press Conference
"I've been engaged a long time in public policy," Biden continued, "and I don't know many things that have been done in one fell swoop."