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US Fed poised to face down inflation dragon

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AFP

Washington (AFP) – After more than a decade of tame inflation, a wave of prices increases has washed through the US economy, affecting cars, housing and food, and the US central bank is poised Wednesday to take a more aggressive stance to quell the threat. President Joe Biden has made it a priority to fight the inflation hitting American families, but Federal Reserve Chair Jerome Powell leads the one body that could take direct action to slay the inflation dragon.  The Fed’s policy-setting Federal Open Market Committee (FOMC) opened its second day of deliberations on Wednesday and is expected …

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