Consumer prices rose by 7 percent in December over previous year, marking third straight month of high inflation
NBCDec 28, 2021
The Facts
The Federal Reserve had announced in December that they may raise interest rates three times in the course of 2022.
Chair Jerome Powell has now suggested that even more frequent and rapid interest rises may be needed.
The Spin
Right narrative
Skyrocketing inflation is a severe problem facing the US. These measures are crucial for the future of the economy.
Left narrative
Inflation is a pressing issue, but abruptly removing safety nets put in place for the pandemic could harm consumers. The full impact on the public must be considered.
