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Players to perform dinner theatre at Island | News, Sports, Jobs

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CBO predicts annual inflation of 2% for next decade | News, Sports, Jobs


EDITOR:
In response to Mr. Blasier’s letter on May 4, I respectfully contend that his views on inflation might be suffering from the adage “a little knowledge is a dangerous thing”. Especially so, considering he predicts a 30% inflation rate. Granted, I’m no more an expert on economics than he is, but we do have a ready source of experts we can turn to in these moments: the Congressional Budget Office. The CBO is a nonpartisan federal agency created to provide expert, consensus economic information and predictions to our national legislative branch. This advice covers and combines both general economic trends and the likely outcomes from specific policy decisions. In CBO Publication 56989, accessible at https://www.cbo.gov/publication/56989, they project that annual inflation, computed as PCE Price Index, will rise from 1.7% this year to 2% by 2024, maintain an average of 2.1% for the second half of the decade, and then finally fall back to just below 2% by 2030. ....

Jesse Traub , Congressional Budget Office , Federal Reserve , Congressional Budget , ஜெஸ்ஸி தொட்டி , காங்கிரஸ் பட்ஜெட் அலுவலகம் , கூட்டாட்சியின் இருப்பு , காங்கிரஸ் பட்ஜெட் ,