Political and Legislative
Democrats Try to Get Ahead of Inflation
Democrats are racing to get ahead of high inflation as rising prices dampen an otherwise strong recovery.
The U.S. economy has steamed ahead of every other nation hit hard by the COVID-19 pandemic, powering through new variants and other pandemic-related constraints.
The unemployment rate dropped to 4.2 percent in November, the lowest level since February 2020, as the labor force expanded last month and wages rose 5 percent annually. Consumer spending and retail sales have also soared above pre-pandemic highs while rising corporate profits have powered another record-breaking rally in the stock market.
