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The principal risk facing monetary policymakers at the Federal Reserve is for an inflationary mindset to become entrenched into the population’s future expectations, setting off a further price-upward spiral. ....
I now hear it commonly said that inflation is the big problem so the Fed needs to tighten to fight inflation, which will make things good again once it gets inflation under control. ....
Awaiting trial is charged as an adult with first degree murder, terrorism causing death and assault charges in connection with shooting 11 people, killing four of them. he pleaded not guilty to the charges through his attorney at his arraignment wednesday. prosecutors are now saying an announcement may be coming soon about potential charges for the suspect s parents related to the gun allegedly used in the shooting. we are reviewing potential charges and hope to have an announcement about that in the next 24 hours. reporter: an attorney for the alleged shooter would not comment on the possibility of charges against the parents. meanwhile, all of this still continuing to cause fear here in the community, some 60 schools have been forced to close because of unverified threats. back to you. all right, shimon in michigan for us. to the covid economic recovery now in a matter of hours important new evidence of how strongly the american economic machine is humming. a key jobs report ....