Thursday, June 29, 2023

The War on Inflation: Victory at What Cost?

For more than a year, the Fed, led by its chair Jerome Powell, has been fighting the worst outbreak of inflation in the United States in 50 years. This slideshow, first presented at the Northport MI Lions Club on July 28, 2023, addresses three questions: 

  1. How are we doing?
  2. Why is inflation so hard to reverse?
  3. When will things get back to normal?
The bottom line: The good news is that inflation is falling faster than we might think from reports in the mass media. The bad news is that things are not yet back to normal. Trying to push the inflation fight too fast could do more harm than good.