U.S. Inflation Crisis - Why It Happened and How Can We Fix It?

18/03/2022 18 min
U.S. Inflation Crisis - Why It Happened and How Can We Fix It?

Listen "U.S. Inflation Crisis - Why It Happened and How Can We Fix It? "

Episode Synopsis

Listen to Department of Economics faculty, Todd Federman and David Axelrod, discuss the current inflation crisis in the U.S.  In this episode they discuss the following:- Inflation definition - How is the inflation rate calculated?- Impact of Covid on inflation  - Why the inflation rate has spiked and its’ implications on the U.S. economy and consumers - Actions that can be implemented by the Federal Reserve Bank to lower the rate- Prediction on impact of recent interest rate increase - Role of supply chain on impacting inflation rate