Federal Reserve Under the Microscope as Inflation Keeps Hitting Americans With Higher Prices
The nation’s central banking system is under the microscope as inflation keeps hitting households with higher prices.
Federal Reserve Chair, Jerome Powell on Wednesday, was in the hot seat for the semiannual monetary policy report to the Senate Committee on Banking, Housing, and Urban Affairs.
The government says our economy is strong based on GDP growth, unemployment rates, and elevated wage growth. However, the Fed’s main tool for fighting inflation and rising interest rates could lead us into a recession.
Read the full story from CBN’s Brody Carter:
https://www1.cbn.com/cbnnews/us/2022/june/federal-reserve-under-the-microscope-as-inflation-keeps-hitting-americans-with-higher-prices
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