14 Dec 2022 8:38 am
In the US inflation is a direct result of of the dem's covid relief act and the inflation reduction act which pump Trillions of $$$ into a Supply Chain problem Nation. Too many $$$ chasing too few goods.
If the Fed wanted to break the back of Inflation ... they should have set the rate at 4% or higher 9 months ago ... we are headed into a recession.