Forbes Media chairman Steve Forbes and Bahnsen Group founder David Bahnsen weigh in on the Federal Reserve’s approach to inflation and the latest jobs report on ‘Maria Bartiromo’s Wall Street.’
#foxbusiness

Subscribe to Fox Business!
Watch more Fox Business Video:
Watch Fox Business Network Live:

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

Follow Fox Business on Facebook:
Follow Fox Business on Twitter:
Follow Fox Business on Instagram: …(read more)

LEARN ABOUT: Investing During Inflation

REVEALED: Best Investment During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing

HOW TO INVEST IN SILVER: Silver IRA Investing

Inflation has been a hot topic under the Biden administration, and many citizens are feeling the effects of rising prices in their everyday lives. This has sparked debate and concern about the state of the economy and the impact of government policies on the cost of living for American households.

Inflation refers to the general increase in prices of goods and services, leading to a decrease in the purchasing power of a country’s currency. This can have a detrimental impact on consumers, as their dollars no longer stretch as far and they have to pay more for everyday items such as groceries, gasoline, and housing.

Since Biden took office in January 2021, there has been a noticeable uptick in inflation, with the Consumer Price Index (CPI) reaching its highest levels in over a decade. Economists point to a variety of factors contributing to this trend, including supply chain disruptions, increased demand as the economy recovers from the COVID-19 pandemic, and government stimulus spending.

Critics of the Biden administration argue that its expansive fiscal policies, such as the $1.9 trillion American Rescue Plan and proposed infrastructure spending, have fueled inflation by increasing the money supply and driving up demand. These policies, they argue, are contributing to the rising cost of living and could potentially lead to long-term economic damage.

Supporters of the administration, on the other hand, maintain that the inflationary pressures are temporary and are a natural consequence of the economy reopening after the pandemic-induced shutdown. They argue that the government’s efforts to stimulate the economy and provide relief to struggling Americans are crucial for recovery and that inflation should stabilize as supply chains normalize and demand evens out.

Despite the ongoing debate, one thing is clear: inflation is a growing concern for many Americans. For those on fixed incomes or with limited resources, the rising cost of living can be particularly burdensome. It can also have wide-reaching implications for businesses, as they navigate higher input costs and potential wage pressure.

The Biden administration has acknowledged the issue and has expressed a commitment to monitoring inflation closely and taking necessary actions to address it. Federal Reserve Chairman Jerome Powell has also stated that the Fed is prepared to act if inflation remains persistently above its target levels.

As the debate over inflation continues, it is important for policymakers to consider the impact of their decisions on everyday Americans. Balancing the need for economic stimulus with the potential risks of inflation will be a key challenge for the Biden administration in the coming months and years. The ultimate goal will be to navigate a path towards sustained economic growth and stability, ensuring that the impact of inflation is mitigated for all citizens.