Aug.04 — John Ryding, chief economic advisor at Brean Capital, talks about Federal Reserve policy and the coronavirus impact on the economy, inflation and his outlook for employment. He speaks on “Bloomberg Surveillance.”
In This Story: Inflation
In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.