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
WLWT: Tips to fight off bad allergy symptoms
April 18, 2024
The University of Cincinnati's Ahmad Sedaghat spoke with WLWT about how Cincinnati's geography tends to make allergy symptoms worse and tips to fight off those symptoms.
Lindner students recognized for academic excellence,...
April 17, 2024
The Carl H. Lindner College of Business held its annual student awards ceremony on April 10, celebrating the accomplishments of its students at every level.
Medscape: Skin adverse events rare after immunotherapy to treat...
April 17, 2024
Medscape highlighted University of Cincinnati research published in JAMA Dermatology that found skin adverse events were rare following immunotherapy treatments for certain skin cancers.