Consumer inflation surged in 2021 by 7% — some wonder when the decreasing wholesale inflation for businesses will begin to show up in their retail prices.
federal reserve
Jerome Powell Destroys The Idea That Paying Workers More Is Fueling The Current Inflation
“Wages are not a big part of the high inflation story that we’re seeing,” Powell insisted, saying the jump “has not been a major contributor” to this year’s inflation.
Trump’s Fed Chair Under Investigation For Dumping Millions In Stocks Before COVID Crisis Exploded
“There is no American with more insider knowledge about government policy that drives financial market movements than the chair of the Federal Reserve,” the report emphasized.
Federal Reserve Slashes Rates to Near-Zero and Announces $700B Quantitative Easing
Sunday’s move appeared to be the largest single-day action ever taken by the Fed on record.
Corporate debt levels hit record highs, and that has experts worried
Corporations have almost $10 trillion in debt on their balance sheets, equivalent to 47% of the entire U.S. economy. Peaks in corporate debt levels have historically coincided with recessions.
Federal Reserve reveals top 10% of US households own 70% of wealth, bottom 50% own only 1%
The data which cover the years 1989 through 2018 reveal a consistent trend of widening wealth inequality.
Economic Left 