On Wednesday, the Federal Reserve announced an interest rate hike of 0.75% to combat the inflation crisis, marking the third consecutive 0.75% increase. According to a recent report from the Bureau of Labor Statistics, prices rose 0.1% in August and 8.3% over the last year. Core inflation, which excludes volatile gas and energy prices, rose 0.6% in August
More
On Tuesday, top Democrat economist Larry Summers, who served in the Clinton and Obama administrations, responded to the news that the inflation crisis worsened in August, warning that the United States still has a
Nine months ago, Democrat President Joe Biden said he thought that inflation had reached its peak. Since then, inflation continued to rise to its highest level in 40 years. “I think it’s
During a speech on Thursday, Treasury Secretary Janet Yellen praised the economy under Democrat President Joe Biden, saying the United States experienced “one of the quickest economic recoveries in our modern history.” Yellen’s comments came
On Tuesday, Democrat Sen. Joe Manchin (D-WV) discussed his opposition to President Biden’s student loan forgiveness plan, saying it is “excessive.” “I just thought that it was excessive. I just respectfully disagree
