HomeMarketsU.S. Economy & JobsFederal Reserve To Blame For Inflation That Will Likely Last Through 2024
Federal Reserve To Blame For Inflation That Will Likely Last Through 2024

"Inflation is the Federal Reserve's fault. Persistent, widespread price increases are monetary, not supply-side. The Fed's response was too little and too late. More to come though as FOMC projects high inflation through 2024," says Thomas Hogan. "The Fed has more work to do with hot month-over-month and year-over-year CPI numbers. The Federal Reserve is resolved to reduce demand to bring it more in line with supply. They also expressed confidence that rising rates will not induce recession," Greg McBride adds.

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13 Jul 2022

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