Tag Archives: inflation

Biden Says Inflation Is His ‘Top Domestic Priority’

President Joe Biden

President Joe Biden pledged Tuesday to make a fight against inflation his top domestic priority while rebuking Republican economic proposals he said miss the mark — zeroing in on Florida GOP Sen. Rick Scott. Despite low unemployment numbers and the Federal Reserve steadily raising rates, everyday costs from gas to …

Read More »

Fed Raises Interest Rates for First Time Since 2018

Jerome Powell

The Federal Reserve announced that it is raising interest rates for the first time in three years to help bring the skyrocketing inflation under control. “With appropriate firming in the stance of monetary policy, the Committee expects inflation to return to its 2 percent objective and the labor market to remain …

Read More »