The Federal Reserve is facing one of its toughest challenges in decades: raising interest rates to cool inflation, without killing consumer demand and jobs, and pushing the economy into a recession. NBC News’ Tom Costello hears from Americans about the impact of skyrocketing rent, food and gas prices. Already, Equifax reports more consumers with low credit scores are falling behind on payments.
» Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
» Watch more NBC video: http://bit.ly/MoreNBCNews
NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows.
Connect with NBC News Online!
NBC News App: https://smart.link/5d0cd9df61b80
Breaking News Alerts: https://link.nbcnews.com/join/5cj/breaking-news-signup?cid=sm_npd_nn_yt_bn-clip_190621
Visit NBCNews.Com: http://nbcnews.to/ReadNBC
Find NBC News on Facebook: http://nbcnews.to/LikeNBC
Follow NBC News on Twitter: http://nbcnews.to/FollowNBC
#NBCNews #Inflation #FederalReserve
source
George Floyd is the real American hero. We need to teach Ukrainians to take a knee to worship him.
Thank you Joe biden voters! Nice job!
We have both inflation and low unemployment. Instead of gas tax holidays or stim. checks, We should get rid of the lowest tax bracket to give everyone a raise and encourage people to return to the job market. More people working should bring help escalating labor cost.
There is no challenge it's going to happen
This is all Premeditated/Planned.
Remember, "You'll own nothing and you'll be happy."? 🕊️ 🌎🌍🕊️
Elections have consequences
Inflation will not go down until housing market improves as housing mortgages or rents are bigger monthly expenditures
Let's dump $2 trillion into the economy. What could go wrong?
How we gonna fix inflation? … Gives 40 billion away
Thanks Joe Biden.
I tell u this much, u don't need to buy new clothes every week. when I was a child, I wore 7 outfits for 12 months. only got new clothes when tax refund came in.
till this day, I still do the same thing, I only buy once a year in clothes
Inflation will go up higher. So take care your family. If can't handle the mortgage, then SOLD your home ASAP before the Banks – take your Assets.
EVERYBODY is reaping EXACTLY what they sowed. ZERO EXCEPTIONS. ZERO EMPATHY.
Corporations are price gouging ! Republicans WANT the profiteers to “RUN” our society without government control and this is what we get ! 🤷♀️🤷🏻🤷♂️🤷🏿♀️ Corporate Greed needs to be regulated by the government to protect the American consumer ! Republican corporate cronyism will only keep getting us this ! But let’s not forget ? Corporations are people right ?
Don't worry the money is going to Ukraine
Yea, so let’s start by giving another country ( 40-BILLION )..that should be a great start for US……….WHAT?
J pal doesn't have the tools to fix the problem. He's been randomly shooting blank arrows. Those who say that businesses need stimulus are wrong. If consumers don't have money to buy products help to those businesses will not bring customers to the store but for essentials. Big corporations will need to lay off workers which in turn creates a bigger problem. I an not a financial analyst but even a common Joe like me can see what's happening. J Pal needs to resign.
My rent went up by four hundred dollars and my electricity bill has almost tripled not counting my grocery or gas for my car and Covid numbers have gone way up in my state with no help and I’m on s s a , so I understand why people are getting rid of things
MedMen now offering Global trademark franchising teaming with Tilray in the Fastest growing Marijuana Industry. Set your Family up for Life. Show your support for legalized Marijuana!! Buy MMNFF..stock..today!
Wouldn’t be so tough if they didn’t just make a $40B withdrawal for foreigners
Inflation to 15% and gas to $10 per gallon.
Unfortunate that Biden and AOC progressives attacked our energy independence last year and killed Keystone pipeline; that gas and oil sure would come in real handy right now!!!
Don’t believe on things you read here like making so much money on small investments. As an investor who’s been doing this for a long time. Do your own DD and if you want to invest your money, go hire a reputable broker or better yet invest in yourself.
Bye-Den is destroying America, best president ever, right progressives….
Despite the economic downturn,I'm so happy☺️. I have been earning $ 60,000 returns from my $10,000 investment every 20days.
fuel companies are making more profit then they ever had this is theft
“The innocent are sometimes slain to make way for a grander scheme.”
-Sophocles
Everything reeks inflation in the economy…. I don't know who, however a person desires to pay attention to this, you have to stop relying on the government and saving all of your money . Venture into making an investment a few in case you actually want monetary freedom
It's so bad. Every time I go to the store things are up a dollar. It's making me sick while all the people running these companies aren't cutting back.
Yea tough challenge, but sending money to Ukraine, no problem
Get Machinema under control, and inflation would be navigated
Stop given US dollars to Ukrain
80 million votes.
I remember all that Covid stimulus money people were pressuring trump and Biden to print. Nothing ain’t free. Your gonna pay for it. Now they act all brand new