Inflation is accelerating -- every consumer in the country feels it every day. If there is any economic sense left in Washington, the rising inflation threat should grind President Biden's big-government spending plans to a halt.
Federal Reserve officials have called inflation “transitory,” but what if they are wrong? The public is clearly worried. According to a new Harvard CAPS/Harris poll released this week, 85 percent of Americans are concerned about inflation. For good reason. Last month, the Consumer Price Index rose at its fastest level since 2008.
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