During a CNN interview, Larry Summers, who was Treasury Secretary under former President Bill Clinton and director of the National Economic Council under former President Barack Obama, warned that the ongoing inflation crisis was unlikely to subside in the near future. “Given that you were worried about this before almost anybody else, and given that
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Democrat Sen. Joe Manchin (WV) slammed President Biden on Wednesday for Biden previously claiming the inflation crisis was just “transitory.” “By all accounts, the threat posed by record inflation to the American
4.4 million Americans quit their jobs in September, breaking a record set in August, according to new government data. According to a report by the U.S. Bureau of Labor Statistics released on Friday, the
A new analysis from Goldman Sachs warns that the economic damage from inflation will dwarf that of new COVID-19 outbreaks. “Higher-than-expected US inflation recently prompted us to pull forward our forecast for
On Wednesday, President Biden finally admitted that inflation is at its highest level since 1990 because of his $1.9 trillion COVID “stimulus” bill. “The irony is people have more money now because
