Inflation surged at the fastest pace in 40 years. What will it mean for consumers? (PBS Newshour)

Inflation surged at the fastest pace in 40 years. What will it mean for consumers? – By PBS Newshour Staff (PBS Newshour) / January 12, 2022

The last time inflation rose 7 percent annually was back in 1982 and the latest consumer price report shows costs are continuing to spike. That is presenting real questions for the Federal Reserve, which is tasked with promoting stable prices. Mary Daly, president of the Federal Reserve Bank of San Francisco who also sits on the committee that decides interest rates, joins Judy Woodruff to discuss.

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