The Impact of Inflation on the Economy
Clip: 07/13/2021 | 9m 21s | Video has closed captioning.
The Bureau of Labor Statistics says the overall level of inflation is 5.4%, well above analysts' estimates and the Federal Reserve's target of around 2%. Some of that increase is driven by temporary factors related to the pandemic, such as a 45-percent rise in used cars prices. But other factors may not be temporary. So what do these inflationary pressures mean for the economy?
Problems Playing Video? | Closed Captioning