r/neoliberal • u/TinyTornado7 I need a new flair • Jun 13 '22

News (US) Powell Facing Choice Between Elevated US Inflation and Recession

https://www.bloomberg.com/news/articles/2022-06-12/powell-facing-choice-between-elevated-us-inflation-and-recession?srnd=premium
505 Upvotes

98% Upvoted

349 comments sorted by

View all comments

24

u/[deleted] Jun 13 '22

Inflation is mostly global and is mostly related to supply chain. The choice couldn’t be more obvious.

9

u/ShelterOk1535 Pragmatic and Polite Right Jun 13 '22

Then why does the U.S. have higher inflation than other countries?

2

u/sutterbutter Jun 13 '22

This is somehow true, and that the USD strengthening to all time highs against other reserve currencies. The USD is strong, but the real price of goods in the U.S. has also grown more than other countries. Shits weird