The Fed needs a single mandate ...Middle East

Inflation continues its relentless march, eating away at workers’ wages. Consumer prices rose 9.1 percent year-over-year in June, the fastest since 1981. The median American household is now losing more than $2,700 per year in purchasing power. As always, regular Americans are stuck with the tab for reckless monetary and fiscal policy. The Federal Reserve is primarily responsible for inflation. Even with aggressive interest rate hikes, the central bank is behind the curve. The money supply has risen more than 40 percent in two years, far outpacing the market’s demand for liquidity. Inflation is the predictable effect. Congress is partly to blame, too. Politicians have run up nearly $6

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The Fed needs a single mandate ...Middle East

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