Black Lives Will Matter by Adopting a Zip Code

Photograph: Sue Ogrocki/AP
September 9, 2020 Dr. Martin Luther King Jr. and Malcom-X must be looking down on us fifty years later wondering if much has changed in America. Racism and discrimination against Blacks is well and alive. Racism has been in America from its beginning and will continue to exist. One of the ways to address racism is for the Black community to take control over its destiny and take care of its own. That will require a focus on Black economic empowerment and...
Published on September 29, 2020 20:53
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Fed Chair Powell Asked for Inflation and Now He Owns It
In March 2020, Federal Reserve Chairman Jerome Powell (Fed Chair Powell) was concerned that Inflation was not hitting the target of 2%, but falling further. Well, his wish finally came true. Inflation
In March 2020, Federal Reserve Chairman Jerome Powell (Fed Chair Powell) was concerned that Inflation was not hitting the target of 2%, but falling further. Well, his wish finally came true. Inflation in April 2022 was at 8.3% (Fig.1), the highest in the last 40 years and well above the Fed’s target. However, the Federal Reserve with J. Powell as its chairman, continued to print money and kept interest rates (Fed Funds) to almost zero. The Federal Reserve (Fed) serves as the central bank of the United States and is an independent government agency.
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