Inflation: ‘Stimulus checks caused the problem,’ American Action Forum president says

Yahoo Finance published this video item, entitled “Inflation: ‘Stimulus checks caused the problem,’ American Action Forum president says” – below is their description.

#inflation #stimuluscheck #economy

American Action Forum President Douglas Holtz-Eakin joins Yahoo Finance Live to discuss how pandemic stimulus contributed to inflation, the Fed’s rate hike strategy to alleviate inflation, and how Americans are dipping into savings to balance rising gas and food prices.

Yahoo Finance YouTube Channel

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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.

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