What Can Governments Do to Slow Inflation?
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What Can Governments Do to Slow Inflation?

July 12, 2022 | Report

 

This is one of a series of insight papers drawn from our latest wave of research into Multicultural Consumers in North America. For more insights into this topic, please visit: https://www.conference-board.org/topics/multicultural-consumer

 

Regardless of race, income or age, our 2Q 2022 Multicultural Survey of 2000 Americans reveals that an overwhelming majority of US consumers canvassed believe the US government should do something to lower inflation. According to the latest inflation reports (BLSBEA), prices are rising the fastest for food, energy, and shelter—all household necessities. Additionally, for those who like to have a bit of fun, costs for services like flights, hotels, restaurants, movies, streaming, and cell phones are also going up rapidly. But what can the government do? Indeed, some drivers of rising prices are outside of the realm of the current administration or central bank to tackle, but they are not without ammunition.

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AUTHOR

Dana M.Peterson

Chief Economist and Leader, Economy, Strategy & Finance Center
The Conference Board




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