Inflation, which was relatively low for years, did not suddenly rise in recent months because businesses decided now was the ideal time to squeeze their customers. If this were just another example of Congressional hearing driven by politics rather than facts, it would be sad, but perhaps unremarkable. Of course, monetary policy remains the best tool for fighting inflation. Here’s what won’t lower prices for families and small businesses: a Congressional hearing based on politics rather than economics and designed to shift blame onto American businesses. Sincerely,Neil L. BradleyExecutive Vice President, Chief Policy Officer,and Head of Strategic AdvocacyU.S. Chamber of Commercecc: Members of the Senate Committee on the Budget[1] See https://www.washingtonpost.com/opinions/2022/01/10/white-house-again-offers-bizarre-message-inflation/[2] See https://www.washingtonpost.com/us-policy/2022/01/10/white-house-inflation-strategy/[3]​ https://www.bloomberg.com/news/articles/2022-01-14/summers-says-u-s-risks-recession-by-blaming-inflation-on-greed

Source: Washington Post April 05, 2022 13:36 UTC