Rizzo: It may be prudent to take our medicine
By: Opinion, John Rizzo December 14, 2021
Consumer pessimism has risen to historically elevated levels. This is hardly surprising, given the emergence of a new COVID-19 variant, rising inflation, and geopolitical concerns over Russia and China.
Moreover, recent comments by Federal Reserve Chairman Powell have signaled that the Fed has grown more concerned that higher inflation is long-term and may require more aggressive measures to combat it.