Fed survey sees faster growth despite supply-chain problems
MARTIN CRUTSINGER, AP Economics Writer
June 2, 2021
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FILE - In this Dec. 1, 2020 file photo, Chairman of the Federal Reserve Jerome Powell appears before the Senate Banking Committee on Capitol Hill in Washington. The Federal Reserve reports that the U.S. economy grew at a somewhat faster pace from early April to late May despite adverse effects from supply chain disruptions. The Fed’s latest survey of economic conditions around the nation released Wednesday, June 2 2021, said that several Fed districts reported positive effects on the economy from increased vaccination rates and relaxed social distancing measures.Susan Walsh/AP
If someone were to set out with the goal of learning how to rapidly increase our inflation rate in the shortest amount of time possible, they should start by pulling up a chair, breaking out a notebook, and keeping a close eye on the economic approach of President Joe Biden’s administration. With White House Press Secretary Jen Psaki serving as Adjunct Professor, and President Biden himself as Dean of Curriculum, the Biden Administration is beginning that free Community College education they’ve promised by offering what is essentially an Economics course titled
Achieving Inflation 101. And we can certainly give at least an honorary title to First Lady Dr. Jill Biden – America’s favorite doctor who doesn’t treat sick people. Let’s call Dr. Jill the School Chancellor.
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