• LIBN: Rizzo: It may be prudent to take our medicine

     
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    AP Photo/Jeff Chiu

    Rizzo: It may be prudent to take our medicine

    By: Opinion, John Rizzo December 14, 2021

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    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.

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