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Fed Chairman Jerome Powell warns Congress that inflation may keep rising next year

CBS News
 2021-11-30

Cover picture for the articleFederal Reserve Chairman Jerome Powell warned Congress that while the Federal Reserve continues to expect inflation will move down "significantly" over the next year, it "now appears that factors pushing inflation upward will linger well into next year." The new COVID-19 variant Omicron could have a negative impact on...

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Comments / 30

Cora Ida Dora
11-30

Another “ It’s not my fault” excuse. If it isn’t trump’s fault it is COVID’s or anyone else but biden and congress. FJB

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(ACE) ArmChair Economist.
11-30

Well duh .. thats been obvious since the US went off the gold standard in 1971. History is very clear what happens when you create a fiat currency system.

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Greatest Patriots
11-30

Of course inflation will still skyrocket the business want more profits from our lost high standards of living in this country.

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