We Should Look Beyond the Fed For Ways to Fight Inflation

Federal Reserve Chair Jerome Powell and the Fed Board have had people guessing since December about when they will cut interest rates. Cuts appear further off now because Powell is afraid that inflation may be heating up. This worry increased when the Consumer Price Index (CPI) on April 10 confirmed what the Personal Consumption Expenditures Index (PCE) had shown on March 29, that inflation may be stuck at a level the Fed thinks is too high.   Read Full Article »