The Federal Reserve’s beige book delivered some devastating news for Americans, and the bad news doesn’t seem to be ending any time soon.
Biden just won’t let up.
“Inflationary pressures remain high and are expected to persist, according to business contacts surveyed in the Federal Reserve’s Beige Book,” reports Breibart News.
“Inflationary pressures remained strong since the last report, with firms continuing to pass swiftly rising input costs through to customers,” the Fed said.
“Firms in most Districts expected inflationary pressures to continue over the coming months,” reports Breitbart News.
“The Beige Book said that businesses across the country, particularly those in manufacturing, noted steep increases in raw materials, transportation, and labor costs. Spikes in prices for energy, metals, and agricultural commodities were reported following the Russian invasion of Ukraine,” reports Breitbart News.
“The COVID-19 lockdowns in China have worsened supply chain disruptions, according to the beige book,” according to Breitbart News.
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