Despite inflation declining from its peak, Federal Reserve Chair Jerome Powell emphasized last week that inflation “remains too high.” Powell also warned that the Fed is “prepared to raise rates further if appropriate, and intent to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective.”
A recent CBS News/YouGov poll also revealed that 65% of Americans view the U.S. economy as bad, compared to 29% who rate the economy as good. The data suggests that Americans are skeptical toward the economy despite some positive signs, such as GDP growth and rising wages.
One reason for con…
Read the full article at: https://www.cbsnews.com/news/is-debt-relief-worth-it-heres-what-experts-say/