Inflation

1. Problems: The rapid rising of prices can reduce how much some consumers can afford to purchase therefore weakening the economy.

1.1. Fact: The annual inflation rate is 8.2% in 2022

1.2. Fact: With a low unemployment rate of 3.6% it is increasing inflation with the increased wages

1.3. Fact: After a recent Gallup Poll it was learned the 59% of Americans worry a great deal about inflation.

2. Reformers: Multiple people are fighting to lower inflation.

2.1. People: Charles Evans the president of the Chicago Federal reserve is trying to lower inflation even if it risks jobs.

2.2. People: Jerome Powell is a chairman for the federal reserve is not afraid of the collateral damage that comes with lowering inflation.

2.3. People: The Federal Reserve as a whole is trying to lower inflation.

3. Solutions: There are many ways we can fix inflation.

3.1. Solution: Raising interest rates.

3.2. Solution: Increasing taxes

3.3. Solution: Cut spending in certain areas