Some corporations are increasing profits ‘on the backs of the American people’: Sen. Kelly (D-AZ)

Yahoo Finance published this video item, entitled “Some corporations are increasing profits ‘on the backs of the American people’: Sen. Kelly (D-AZ)” – below is their description.

#inflation #PresidentBideninflation #USeconomy

Senator Mark Kelly (D) Arizona joins Yahoo Finance’s Akiko Fujita and Adam Shapiro to discuss the economy as prices begin to rise.

Yahoo Finance YouTube Channel

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In This Story: Arizona

Arizona, a southwestern U.S. state, is best known for the Grand Canyon, the mile-deep chasm carved by the Colorado River. Flagstaff, a ponderosa pine–covered mountain town, is a major gateway to the Grand Canyon. Other natural sites include Saguaro National Park, protecting cactus-filled Sonoran Desert landscape.

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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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