Inflation Archives - Page 7 of 16

Kashkari: Fed ‘Far, Far Away’ from Beating Inflation despite White House Victory Lap

Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, has warned that the Central Bank is “far, far away from” beating inflation, despite the recent victory laps from the White House. Kashkari was responding to the Biden administration recently praising “zero percent” inflation in July, which prompted some…

Inflation Sees Food Prices Soar to Record High in Germany

Inflation in Germany has seen food prices soar to the highest level on record in July, according to the country’s statistical agency. The food inflation comes despite the overall pace of price growth easing slightly. On Wednesday, Destatis, Germany’s Federal Statistical Office, said that food prices jumped by 14.8 percent…

White House: Americans Who Think We’re in a Recession Are Actually Just Confused

Americans who believe that the United States is in a recession are just confused, according to White House economic adviser Jared Bernstein. Bernstein claims that Americans who think the country has fallen into a recession are basically confused about the source of their economic pain. The top economic adviser to…

Fed’s Neel Kashkari Claims Inflation May Still Be Transitory

Minneapolis Federal Bank President Neel Kashkari has claimed that inflation may still be transitory. The next Federal Open Market Committee (FOMC) policy meeting is more than a month away. However, U.S. central bank officials are providing insights into the Federal Reserve’s plans, inflation, and the broader economy. On Wednesday,…

Gas Price Falls for 7th Straight Week but It May Exceed $5 Again Soon, Experts Warn

Gas prices have fallen again for a seventh consecutive week, providing Americans with some welcome relief at the pump. However, experts are now warning that prices could rise above $5 again this summer amid fears of a recession. On Monday , the national average for a gallon of gas fell…

Inflation Forces 45% of Americans to Cut Groceries Spending, Poll Shows

The squeeze from inflation in the United States is forcing a huge percentage of Americans to cut back on their spending on groceries, according to a new poll. A recent survey from Suffolk University/USA TODAY (pdf) reveals that 45.3 percent of Americans have had to cut back their spending on…

Wealthy Joy Behar Tells Americans Not to Worry About Biden’s Recession: ‘Inflation Comes and Goes’

Joy Behar and her co-hosts on "The View" have tried to downplay Democrat President Joe Biden’s recession after the White House released data that showed two consecutive quarters of negative growth. The hosts were joined on the show by White House Press Secretary Karine Jean-Pierre. Jean-Pierre claimed that the latest…

U.S Economy Crashes into Contraction for First Time Since 2020

The United States economy has suffered a major downturn in July, crashing into contraction for the first time since the impact of the pandemic hit in 2020. The downturn has been led by a crash in service sector activity and a decline in manufacturing production. The plummet was revealed in…

Looming Debt ‘Death Spiral’ Will Force Fed to Restart Money Printers Sooner, Expert Warns

A leading economic expert is warning that the U.S. Federal Reserve will soon be forced to start printing money again as a "death spiral" of debt is looming. As the Fed continues to hike rates into a rapidly slowing economy, macroeconomic analyst Luke Gromen warns of a growing risk of…

Van Jones Comes Clean, Admits Biden Has Failed Black Voters Economically: ‘It Got Worse’

CNN's Van Jones has blasted Joe Biden over his failed promises to African American voters, noting that things have "got worse" for black people under the Democrat president. Jones appeared on CNN’s “New Day” and dropped the hammer on President Biden. He doomed Biden by warning that the president's policies…