The Fed - and inflation - just won’t quit


💸 The Fed - and inflation - just won’t quit. 

The elevated inflation rate has remained steadfast and stubborn, despite a multitude of efforts by the central bank to stifle it over the past year. Prices increased 0.4% in February 2022, easing 0.1% compared to January’s growth… but continuing, nonetheless. With Americans’ anxiety spiking after two large banks shuttered their doors within hours of one another due to a bank run, the Federal Reserve may be refocusing on bolstering financial system confidence instead of raising the interest rates again… for now. Chair Jerome Powell is signaling for help from a Senate committee to raise the benchmark interest point by a half-point.

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