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Barry Wood

Barry Wood

Barry D. Wood is a journalist, author and educator.
Barry D. Wood is a journalist, author and educator.

If the Fed cuts interest rates after making progress on bringing down consumer prices, it will lose its hard-earned inflation-fighting credentials. Giving in to outside political or economic pressure to ease up would put at risk significant gains that have already been achieved.

Being removed from Swift will make life more difficult for Russia, but the sanctions left energy largely untouched. The sanctions are expected to still do heavy damage to the Russian economy and could push Russia and China towards alternatives to the payment system.

The Federal Reserve must act to ensure stable prices. Global markets need to hear that rates are heading higher and that the US is determined to forestall inflation as it moves to restore financial stability

Pandemic-induced remote working is altering the way people live their lives, and affecting housing prices in the US. But there are also signs that the trend may accentuate wealth inequality, and aggravate mental health problems.

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Thanks to government support, many are being paid not to work. There are fears the Fed has distorted economic activity and laid a foundation for high inflation. As the US has had no significant inflation for two decades, most Americans are unaware how debilitating it can be.

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