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
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