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With inflation running above the Federal Reserve's target for 64 consecutive months, Moody's ****** ytics Chief Economist Mark Zandi says higher consumer prices are not an accident but a direct result of government policy decisions.
By breaking down the underlying economic math, Zandi points to trade tariffs imposed by the Donald Trump administration and restrictive immigration laws as the primary culprits preventing price stability in the current economy.
Americans largely view "persistently high inflation and the resulting higher cost of living their number one financial problem." Zandi agrees with this public sentiment, noting that top-line inflation sits at no less than 3.5%, which is well above the Federal Reserve's 2% target.
Don't Miss:
#inflation #higher #chief
With inflation running above the Federal Reserve's target for 64 consecutive months, Moody's ****** ytics Chief Economist Mark Zandi says higher consumer prices are not an accident but a direct result of government policy decisions.
By breaking down the underlying economic math, Zandi points to trade tariffs imposed by the Donald Trump administration and restrictive immigration laws as the primary culprits preventing price stability in the current economy.
Americans largely view "persistently high inflation and the resulting higher cost of living their number one financial problem." Zandi agrees with this public sentiment, noting that top-line inflation sits at no less than 3.5%, which is well above the Federal Reserve's 2% target.
Don't Miss:
#inflation #higher #chief
3 months ago
