inflation

President Biden showed off a chart comparing strong job creation during his first year to that of previous presidents. But economists say surging inflation is top of mind to voters.

The economy is strong but voters aren't feeling it. That's a problem for Biden

1:45pm February 10, 2022

by Asma Khalid

President Biden's first year in the White House has been marked by record GDP growth and job gains, so why do voters keep giving him poor marks on the economy?

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A selection of beef cuts is displayed at a Publix Supermarket in Miami on Oct. 20, 2021. Inflation is still high, with consumer prices in January surging at their fastest annual pace since 1982.

Inflation hits another 40-year high. It's bad, but older folks say they've seen worse

8:48am February 10, 2022

by Scott Horsley

Consumer prices in January were up 7.5% from a year ago, the biggest annual gain since 1982. That may seem like a lot for those under 40, but older folks have lived through even sharper price hikes.

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12th October 1939: American President Franklin Delano Roosevelt addresses America.

Price Controls, Black Markets, And Skimpflation: The WWII Battle Against Inflation

6:30am February 08, 2022

by Greg Rosalsky

To control inflation during WWII, the U.S. government resorted to wide-ranging price controls. Their unintended consequences might explain why today's policymakers are reluctant to try it again.

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People shop in The Galleria mall in Houston during Black Friday on Nov. 26, 2021. The economy grew strongly last year but at an uneven pace because of the pandemic.

Believe it or not, the economy grew last year at the fastest pace since 1984

5:40pm January 27, 2022

by Scott Horsley

The U.S. economy grew last year at the fastest pace since 1984, but growth was tempered by successive waves of the pandemic.

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Federal Reserve Chair Jerome Powell listens during his renomination hearing with the Senate Banking Committee on Jan. 11. The Fed is planning to become more aggressive in fighting inflation.

Game time: The Fed unveils a tougher plan to fight stubbornly high inflation

6:53pm January 26, 2022

by Scott Horsley

The Federal Reserve is preparing to raise interest rates sooner and — perhaps — more aggressively after inflation reached the highest in nearly 40 years.

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Traders work on the floor of the New York Stock Exchange on Thursday in New York City. Stocks continued to slump on Monday as the Federal Reserve gears up to raise interest rates in a bid to bring down inflation from 40-year highs.

It's getting uglier in stock markets as fears about inflation spark a brutal drop

4:17pm January 24, 2022

by David Gura

The Federal Reserve is gearing up to raise interest rates after inflation hit a 40-year high, sparking fears in Wall Street about what these steps will mean for the economy.

A trader works on the floor of the New York Stock Exchange on Oct. 4, 2021, in New York City. Stocks and bonds have tumbled this year as a spike in inflation has investors bracing for higher interest rates.

Inflation fears are sparking a big drop in markets. Here are 3 things to know

5:01pm January 18, 2022

by David Gura

Bond and stock markets have tumbled this year as inflation continues to surge. The Federal Reserve has already indicated it will need to raise interest rates. The question is: Will that be enough?

A Biden "I did that!" sticker spotted in the wild.

The Movement To Stick Inflation Blame On Biden

6:30am January 18, 2022

by Greg Rosalsky

It's a bad time to be a world leader. COVID did that.

Consumer prices — including gas — are surging at their highest annual pace in around 40 years.

Inflation is still surging and some Democrats see one culprit: Greedy companies

1:58pm January 12, 2022

by Scott Horsley

Consumer prices are soaring at their highest annual pace in almost 40 years. Some progressives such as Sen. Elizabeth Warren blame corporate profiteering, but most economists scoff.

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Federal Reserve Chairman Jerome Powell testifies during a hearing before the Senate Banking Committee on Nov. 30 in Washington, D. C. The Fed unveiled a new game plan on Wednesday as it looks to tackle red-hot inflation.

Inflation is still red hot, and it's forcing the Federal Reserve into a new game plan

5:33pm December 15, 2021

by Scott Horsley

The Federal Reserve is opening the door to possible interest rate hikes earlier next year than had been expected, as it wrestles with the highest inflation in nearly four decades.

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