Inflation hit another high in February 2022, marking the worst numbers since 1982 for American consumers. The new number, measured by the Consumer Price Index, sits at 7.9 percent. Federal Reserve Chairman Jerome Powell indicated that the Fed is prepared to accelerate interest rate increases to combat inflation.
The Salt Lake Chamber, Senator Mike Lee, and Congressman Blake Moore hosted an informational town hall where they deep dived into the issues surrounding inflation, and discussed the current state of inflation and what we can expect as we move into the summer months.
