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Barriers. raising the cost of energy, they are going after the railroad industry and meat packers. typical scapegoating that you get when prices are rising. the government blames everyone but themselves. if joe biden thinks he can put the inflation situation off on the federal reserve he reappointed gerome powell as head of the ged ral reserve and appointed the governors on the federal reserve. he can t say it s their fault. not mine. they are hurting the recovery from the lockdowns and the federal reserve as a huge problem of having printed too much money and now ready to flood the economy which means more inflation in 2023. not a good picture. gillian: it s interesting because the federal reserve vice chair was asked if we have seen the worst of inflation and he says yeah, take a listen. i m going to be looking for a consistent string of data on ....
Gross dmomestic grew. dow sunk 153 today. nasdaq 75 off. why? many analysts believe the signs of improving economy spooked the market fearful the tral reserve will pull back programs suring up the economy. twitter had a good first day. shares opening 45.10 dlarlgs after pricing $26 a share. tonight correspondent peter deuce looks at one more number. how much will consumers spend in the holiday season? only 48 shopping days left until christmas. holiday shoppers are set to spend $737.95 each on gifts and decorations this season. sounds like a lot. it s 2% less than last year and part of the reason morgan stanley is forecasting this will be the weakest holiday season ....