Fed raises rates by 50 bps: '50 bps won't stop inflation for long time'
Fed lifted benchmark interest rate by 50 bps on Wednesday. Former Fed governor says central bank needs to be more aggressive to tame inflation
Source: invezz.com
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Colorado governor tries to fight highest inflation in nation with cuts on gas, services
High shipping costs, rising energy costs, a shortage of materials, elevated commodity prices and rising wages have driven national and state-wide inflation to record levels.
Source: foxbusiness.com
Inflation has Fed critics pointing to spike in money supply - Indianapolis Business Journal
The persistence of inflation, now running at an annual rate of 7%, has provided ammunition to conservative critics of the central bank known as "monetarists" for their adherence to the writings of economist Milton Friedman.
Source: ibj.com
Bygones: 100 years ago, a motion to build a new Duluth City Hall
Bygones is researched and written by David Ouse, retired reference librarian from the Duluth Public Library. He can be contacted at djouse49@gmail.com.
Source: duluthnewstribune.com
Fed says it's likely to raise key interest rate soon to fight high inflation
The Federal Reserve said Wednesday it will likely begin to raise interest rates soon, probably in March, as the central bank tries to rein in record-high inflation.
Source: washingtontimes.com