PUZDER: We re staring down the maw of a major recession that will cause serious economic pain for millions of Americans, as the economy jumps from the pandemic frying pan into the inflation fire.
U S Inflation Hit 7% in December, Fastest Pace Since 1982 lnt.ma - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lnt.ma Daily Mail and Mail on Sunday newspapers.
John Evans was Idaho’s Governor. Steve Symms and James A. McClure served the state in the U.S. Senate. Larry Craig and George Hanson were in the U.S. House.
Inflation rose an astounding 6.8% from last November to now, the largest annual increase since 1982 when Federal Reserve Chairman Paul Volcker had to raise interest rates well into the double digits to combat the stagflation of the Carter era. CNBC s Carl Quintanilla decided to use the dismal news to argue that, actually, our inflation rate is not "unique, special or anyone s fault."