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Inflation Drivers
…driver” of recent inflation. Instead, the root causes are “large” federal government “fiscal transfers and increased unemployment benefits” (aka, social spending) and Federal Reserve policies like lowering “the federal funds…
Read moreCore Interest Rate
…in new money, despite the fact that such actions have spurred inflation throughout history. To quell this inflation, the Fed raised its core interest rate to 5.02% in 2023, or…
Read moreHigh Food Prices
…— have “not been a main driver” of recent inflation. Instead, the study found that the root causes are “large” federal “fiscal transfers” like “increased unemployment benefits” and Federal Reserve…
Read moreFederal Reserve Appointees
…their policy views. The Federal Reserve Act gives these people formidable powers that have wide-ranging impacts on the economy, such as inflation, interest rates, and employment. Under current law, Fed…
Read moreSilicon Valley Bank Failure
…CEO of SVB was on the Board of the Federal Reserve Bank responsible for regulating SVB, and the Federal Reserve gave SVB a clean bill of health in June 2021….
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