As Prices Rise, Fed Dismisses Inflation Worries

As Prices Rise, Fed Dismisses Inflation Worries
A shopper looks over meat products at a grocery store in Dallas, Texas, on April 29, 2020. LM Otero/AP Photo
Emel Akan
Updated:

WASHINGTON–Although inflationary pressures keep building in the U.S. economy, economists believe Federal Reserve officials are unlikely to tighten monetary policy before seeing significant improvement in labor markets.

From gas to groceries, Americans have started to see price increases in recent weeks as the economy reopens. Used car and truck prices, for example, surged 21 percent year-over-year, including a 10 percent increase in April alone.

Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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