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Tags: inflation | economists | corporate greed | joe biden | consumer | prices | paychecks

Blaming Corporate Greed for High Prices 'Doesn't Even Pass Smell Test'

A customer shops at a Trader Joe's store in Greenbrae, California, May 15. Economists argue that Democrats' focus on "corporate greed" as the cause of consumer price increases overlooks the true drivers of inflation. (Getty Images)

By    |   Tuesday, 28 May 2024 08:22 AM EDT

Democrats who have repeatedly blamed "corporate greed" as the cause of the sticker shock consumers are experiencing at the grocery store checkout line are simply ignoring the actual cause of inflation, economists argue.

New research from the Federal Reserve Bank of San Francisco indicates that corporate price hikes were not a primary cause of the decades-high inflation that affected shoppers in 2021 and 2022.

Marisa Herman

Marisa Herman, a Newsmax senior reporter, focuses on major and investigative stories. A University of Florida graduate, she has more than a decade of experience as a reporter for newspapers, magazines, and websites.

© 2024 Newsmax. All rights reserved.


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Democrats who have repeatedly blamed "corporate greed" as the cause of the sticker shock consumers are experiencing at the grocery store checkout line are simply ignoring the actual cause of inflation, economists argue.
inflation, economists, corporate greed, joe biden, consumer, prices, paychecks
1187
2024-22-28
Tuesday, 28 May 2024 08:22 AM
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