Federal Reserve System – Page 93

Wonking Out: Why Monetary Policy Has Gotten So Hard

If you aren’t taking risks, you aren’t doing your job.

Here’s what you need to know at the end of the day.

The Consumer Price Index picked up by 8.6 percent, as price increases climbed at the fastest pace in more than 40 years.

At last, interest rates for money market funds have started to rise. But inflation means that in real terms, you’re still losing money.

Inflation is upending voter confidence and posing a glaring political liability that looms over the Biden administration’s major policy decisions.