Amid hiring troubles, rising prices, U.S. growth gains speed -Fed

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Reuters

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – The U.S. economic recovery accelerated in recent weeks even as a long list of supply chain troubles, hiring difficulties, and rising prices cascaded through the country, Federal Reserve officials said in their latest review of economic conditions. Growth was at a “somewhat faster rate” from early to late May the Fed reported in its Beige Book summary of anecdotal reports about the economy on Wednesday, with officials noting “the positive effects on the economy of increased vaccination rates and relaxed social distancing measures.” But g…

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