The Federal Reserve "didn't do their homework" and mischaracterized the spike in inflation that has plagued the U.S. economy over the last two years, according to Nobel Prize-winning economist Joseph Stiglitz.
U.S. inflation started to gain pace in early 2021 as the economy emerged from the Covid-19 pandemic , rising from an annual 1.2% in December 2020 to a 40-year high of 9.1% in June 2022.
Publisher: CNBC
Date: 2023-09-01T10:51:39 0000
Author: https www facebook com CNBC
Twitter: @CNBC
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