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THE COMMON BRIDGE
By Richard Helppie
The Federal Reserve just hiked interest rates by three quarters of a percentage point, its most aggressive move yet to try to control inflation, as it squeezes the U.S. economy.
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An Interview with the former Chairman, President, and CEO of Washington Mutual Bank, Kerry Killinger
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DEFINITION: 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.
CITE: https://www.r2library.com/Resource/Title/082610254
Editor’s Note: We hope you enjoy the podcast video below. If you’d rather just listen to the podcast, click this link to Apple Podcasts: The Common Bridge. It is also available on all podcast platforms. We have also included the transcript to this program below.
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