Fed Chairman Jerome Powell warned Thursday that the fighting in Ukraine is likely to further magnify the high inflation troubling world economies. Russia is a key oil producer, and prices have been rising as global supplies are threatened by the conflict, raising concerns that persistent inflation could become even hotter.
Powell said he is committed to doing whatever is necessary to slow inflation, underscoring the high-risk challenge in raising interest rates enough to cool price pressures without triggering another recession.
In 2008 the price of oil hit $147…..this outrageous high gas price is strictly corporate greed. Where are your questions to the Oil executives These execs have been happily invisible while you put blame everywhere except them. GOP CNN CBSNews ABC NBCNews CTVNews CBCNews
Hey when will you wake up and stop BillHemmer from destroying your network! He can’t be the only replacement you can come up with! Who cares that he can push a button on the computer! He still will not allow guest to speak without talking over them! Switch him off!