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How The U.S. Made Inflation Worse


In recent months, the Federal Reserve made avoidable mistakes that fueled inflation. That's the view of a range of economists and policymakers, including some voting members of the Federal Open Market Committee. In the spring, some FOMC members called for an end to the extraordinary levels of monetary and fiscal stimulus provided in the depths of the pandemic. The central bank must now raise interest rates at a fast pace to combat rising prices, potentially dampening economic growth in the U.S. The Federal Reserve was contacted for comment but is in a media blackout before the expected rate announcement later today. » Subscribe to CNBC: » Subscribe to CNBC TV: About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #cnbc How The U.S. Made Inflation Worse...(read more)


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