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The Federal Reserve is trying to maintain a tough balance in controlling inflation
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The Federal Reserve is trying to slow down the economy just enough to get rising prices under control, but not so much that a ton of people lose their jobs. It's a tough balance.
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Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive from readers like you will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Your tax-deductible donation keeps LAist independent and accessible to everyone.
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