ASU economist talks inflation and interest rates
Inflation is continuing to surge throughout the economy with record-high gas prices and skyrocketing food costs. Inflation rose 9.1% in June 2022. What is causing such high inflation? Arizona Horizon asked Dale Rogers, professor of supply chain management and ON Semiconductor Professor of Business.
In this story aired July 12, 2022, on Arizona Horizon:
Supply-driven doesn’t work with the traditional Federal Reserve tool, which is raising or lowering the interest rate. That works on demand-side inflation, but it doesn’t help us get more fuel, more food, or all the stuff we are paying more for. By raising interest rates, the Fed could put us into a recession where the cure would be worse than the disease.
Latest news
- Best secured credit cards
How does a secured credit card with no annual fee make the issuer money?
- Baby formula shortage will last into the fall
An ASU supply chain expert says brands are still 30% out of stock, so it won't be until the end…
- Admissions director Q&A: What you need to know about getting into the ASU MBA program
Get the inside scoop about the MBA program, including what to expect in admissions, the…