The likely culprit behind the recent surge in consumer prices was an extraordinarily expansionary fiscal policy.
The Biden administration is at pains to deny that the U.S. is in a recession, but history is not on their side.
The Fed should rethink its policies before the inflation genie has escaped from the bottle.
The Fed is clearly under unprecedented political pressure, and it is starting to show.
Please log back in before proceeding.
There was an error logging in. Please try again.
Congrats! You are now logged in. Your exam is being submitted.
