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Why did inflation surge to a 40-year high? Here are 4 causes of the worst monetary-policy mistake in years.

Por: MarketWatch Politics November 01, 2022

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More recently, a misreading of the strength of the labor market and the persistence of price shocks sparked by the pandemic led to the highest inflation rate in 40 years and the final chapter of this saga is still to be written. The policy error paved the way to make 2022 the worst year in financial markets arguably since the 1930s. Both stocks and bonds have plummeted and Federal Reserve Chairman Jerome “Jay” Powell is at the center of the... + full article



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