WCPO: Small business owners worry about inflation
UC economist says stimulus funds are still affecting the economy
Inflation is the biggest concern facing small business owners and less than half of them think their local economy will improve, WCPO reported.
To slow spending and reverse rising consumer prices, the Federal Reserve Board authorized the largest interest rate hike in more than two decades.
The nation is still dealing with the effects of stimulus funds pumped into the economy during the COVID-19 pandemic, said Michael Jones, the Kautz-Uible Professor of Economics in the University of Cincinnati’s Carl H. Lindner College of Business.
"It was $2 trillion and if the supply chain can't respond to that increased money that's in the economy then that's going to cause prices to go up as well," Jones said.
Featured image: UC economics professor Michael Jones. Screenshot courtesy of WCPO video.
Impact Lives Here
The University of Cincinnati is leading public urban universities into a new era of innovation and impact. Our faculty, staff and students are saving lives, changing outcomes and bending the future in our city's direction. Next Lives Here.
Related Stories
Will a gas tax help lower prices at the pump?
May 14, 2026
WCPO recently reported on Kentucky and Indiana’s steps to combat surging gas prices, cutting and suspending state gas taxes, respectively. UC economist Michael Jones explained the impact on Cincinnati.
Is a colonoscopy painful?
May 13, 2026
The University of Cincinnati's Susan Kais, MD, assistant professor of clinical medicine in the Division of Gastroenterology and Hepatology in the College of Medicine and UC Health gastroenterologist, recently appeared on the ARC Cincinnati morning program on Local 12/WKRC-TV to answer common questions from viewers about colonoscopies and to dispel myths.
Telescope captures information about lonely Jupiter-like gas giant
May 13, 2026
Science outlets highlight a University of Cincinnati student's collaborative discoveries about an exoplanet 901 light years away.