Even as the Federal Reserve and its Chair, Jerome Powell, maintain that the surge in inflation is transitory, developments over the past week dented that argument. President Joe Biden, after initially indicating that he did not have the power to extend the ban on eviction for nonpayment of rent, subsequently did so through October 3. Based on legal appeals by landlords, the ban could end before that date. In either case, any subsequent hike in rents that
Inflation: "Transitory" Taking a Hit
Inflation: "Transitory" Taking a Hit
Inflation: "Transitory" Taking a Hit
Even as the Federal Reserve and its Chair, Jerome Powell, maintain that the surge in inflation is transitory, developments over the past week dented that argument. President Joe Biden, after initially indicating that he did not have the power to extend the ban on eviction for nonpayment of rent, subsequently did so through October 3. Based on legal appeals by landlords, the ban could end before that date. In either case, any subsequent hike in rents that