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Congressional Research Service Issues In Focus White Paper on Lessons From "Great Inflation"
July 29, 2022
WASHINGTON, July 29 (TNSrep) -- The Congressional Research Service issued the following In Focus white paper on the Lessons from the "Great Inflation" (No. IF12177) on July 28, 2022, by macroeconomic policy specialist Marc Labonte and macroeconomic policy analyst Lida R. Weinstock.

Here are excerpts:

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Since April 2021, the U.S. economy has grappled with high inflation, which reached 6.3% in May 2022, as measured by the Personal Consumption Ex . . .

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