Category: purchasing power

Can Inflation Be Tamed?

September Consumer Price Index (CPI) inflation results came in above expectations, at 8.2 percent, marking the seventh straight month of inflation above 8 percent. Gone is any talk from U.S. Treasury or Federal Reserve officials of inflation being “transitory.” If there was any good news in the numbers, it was that energy commodities, such as gasoline…


‘White House Is Now Measuring Inflation in Inches’: House Committee Hears About Biden’s ‘Bizarre’ Take on How Prices Work

The blowback from President Joe Biden’s weekend remarks about prices rising “just an inch, hardly at all” continued during the week, with the House Oversight Committee hearing from one of its members during a session on Sept. 22 on corporate profiteering that “the White House is now measuring inflation in inches,” and is downplaying the pain…