Federal Reserve Chair Jerome Powell admitted that corporations may be raising prices arbitrarily to pad their profits while the public suffers under high inflation rates.
that shows that businesses are seeing some of their highest profit increases since 1950, using inflation as an excuse to reach further into consumers’ pockets.
“That could be right. It could also just be, though, that demand is incredibly strong and that they’re raising prices because they can,” Powell said. This isn’t the first time Warren has brought attention to the issue. In December, the Massachusetts lawmaker sent
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