Jefferson Batista
3/26/23
https://apnews.com/article/inflation-federal-reserve-system-businesscb7f80cdf0a55088a85cc3da20a8b155
Current News
In this article it talked a lot about the concerns about the inflation in the United States and
What the federal reserve is doing to respond to this concern about inflation. Because inflation
has been rising a lot in recent months, driven in part by the supply chain disruption and
Increased demand as the economy still tries to recover from covid-19 pandemic. The federal
reserve has been taking steps to address the inflation, including keep interest rate low and
continuing to purchase bonds so that the inflation won’t start rising again. However, there
are many concerns about these measures and how it could lead them into higher inflation in the
long term with some economists arguing that the federal reserve needs to take more aggressive
actions to prevent it from getting out of control. In it states that many experts expect inflation
to fall roughly 4 percent later this year, however it could be plateau at that point so long as the
hiring in wage gains remain vigorous. In one big question the article was asking was that if the
economy this year is going to rise. I think that it’s important for policymakers to take inflation
concerns seriously and take appropriate steps to address them, while some inflation is expected
as the economy recovers. It is also important to prevent runaway inflation that could harm
the economy and disproportionately affect vulnerable populations which at the same time
it’s important to balance the concern about inflation with the need to support a strong
economic recovery. I do feel that it’s going to be a very interesting year to see what the
federal reverse and other policymakers going do to respond to these competing priorities
in the coming months. This is why I choose this article it talks so much about inflation
and what and what the government is doing about it so that it doesn’t go high and say
low. Because if they’re not careful it could raise hopefully it doesn’t and I also appreciate
this article for the information that it said because I learn a lot from this and now know
more about inflation and how it has gone since covid happen. One last thing I read was how
the feds will be curbing high inflation which would require some pain workers. All in all, this
is a great article and every should go read because they will learn so much.
Apnews.com