Fed’s Poor Performance Is Big Reason Inflation’s Out Of Control
Americans Had Worst Pay Cut in 25 Years Thanks to Bidenflation
Fed leaders may need a hard landing next year to truncate that drawn-out process of reducing inflation to their target level of 2%. A major recession in 2023 may cause inflation to hit its target of 2% again in 2024, but not without an awful lot of pain first.
Americans Had Worst Pay Cut in 25 Years Thanks to Bidenflation
"According to an analysis, Americans have lost more of their yearly income thanks to Bidenflation than they have in 25 years.
"The numbers come from the Federal Reserve Bank of Dallas, which released the wage and price data. Per Just the News:". . .