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With Inflation at a 40-Year High, the Fed Is Too Afraid to Act

With Inflation at a 40-Year High, the Fed Is Too Afraid to Act
People shop for groceries at a supermarket in Glendale, Calif., on Jan. 12, 2022.Robyn Beck/AFP via Getty Images
Mises Institute
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Commentary 
According to the Bureau of Labor Statistics (BLS), Consumer Price Index (CPI) inflation rose 7.5 percent in January, year over year. This was, the BLS notes, the “largest 12-month increase since the period ending February 1982.” Moreover,
Mises Institute
Mises Institute
Author
The Mises Institute, founded in 1982, promotes teaching and research in the Austrian school of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. We seek a radical shift in the intellectual climate, away from statism and toward a private property order.
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