The Fed is behind in terms of addressing inflation: Economist

Yahoo Finance published this video item, entitled “The Fed is behind in terms of addressing inflation: Economist” – below is their description.

Flexport Chief Economist Phil Levy joins Yahoo Finance Live anchor Dave Briggs, Racelle Akuffo and Seana Smith to discuss inflation, the Fed labor shortages, supply chain constraints, consumer demand, and the outlook for cargo shipments.

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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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In This Story: supply chain

In commerce, a supply chain is a system of organizations, people, activities, information, and resources involved in supplying a product or service to a consumer.

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