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FOX Business host Stuart Varney says the U.S. power dilemma will certainly cause more rising cost of living throughout the country.
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STUART VARNEY: We are appropriate in the middle of a rising cost of living spiral..
It's the Fed's task to stop it..
That typically suggests an economic downturn.
And also it is eating away at living criteria..
That implies political modification.
Just like 40 years ago: the chronic inflation of the 70s ended when the Fed engineered a chronic economic crisis, as well as Ronald Reagan won the presidency in a landslide!
…
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Inflation spiral means political change: Stuart Varney
FOX Business host Stuart Varney argues the U.S. energy crisis will lead to more inflation across the country.
...
STUART VARNEY: We are right in the middle of an inflation spiral.
It’s the Fed's job to stop it.
That usually means a recession.
And it is eating away at living standards.
That means political change.
Just like 40 years ago: the chronic inflation of the 70s ended when the Fed engineered a chronic recession, and Ronald Reagan won the presidency in a landslide!
...
Subscribe to Fox Business! https://bit.ly/2D9Cdse
Watch more Fox Business Video: https://video.foxbusiness.com
Watch Fox Business Network Live: http://www.foxnewsgo.com/
FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.
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