Building your buffers is key to weathering inflation and recession
Supply chain issues could fuel inflation for another year. That’s from Phil Dean, chief economist at the Kem C. Gardner Policy Institute and Susan Speirs, CEO of Utah Association of CPAs. They say having a financial cushion is the only way to survive.
Dean says raising interest rates is bringing down inflation, but says The Feds should’ve started doing this in April of 2021. He says people had too much money last year and they were chasing too few goods, which created our inflation problem.
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Published: Wednesday August 17, 2022