They ARE worried about Inflation and the higher consumer prices as companies try to recoup their pandemic profit losses …..
Federal Reserve officials are nearing agreement to begin scaling back their easy money policies in about three months if the economic recovery continues, with some pushing to end their asset-purchase program by the middle of next year.
In recent interviews and public statements, several have advocated for this timetable, which would enable them to raise interest rates sooner than currently anticipated if the economy makes rapid progress toward their goals.
The central bank last December said it would continue the current pace of bond purchases until officials concluded they had achieved “substantial further progress” toward their goals of 2% average inflation and robust employment….
I will reiterate that….
If Inflation continues at the current pace the Democrats will lose both houses of Congess next year.
I agree….
James Carville….
“It’s the Economy stupid ‘
Inflation slowed in July. Much ado.
Did prices drop?