The Consumer Price Index rose 5.4% last month compared to a year ago — the biggest monthly jump since 2008. During testimony on Capitol Hill Wednesday, Federal Reserve Chairman Jerome Powell gave his assessment about the price surge and risks of inflation. David Wessel, the director of The Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, joins Judy Woodruff to discuss.
CBO projects federal deficit will hit $3 trillion this year
The Congressional Budget Office says that the federal budget deficit will again hit $3 trillion this year, $745…
