(News Editors) It was last August when Jerome Powell began to admit that inflation just might be a problem. But even then, he was only willing to say that inflation would likely be “moderately” above the arbitrary 2 percent inflation standard. Back in August, low inflation—not high inflation—was still perceived to be the “problem.” But things had certainly changed by late November when Powell was forced by reality to retire “transitory” as the preferred adjective to describe price inflation. At that point, the Fed began strongly hinting that it would finally do something to rein in price inflation. But exactly when that might happen remained anyone’s guess.
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Walgreens Shutters 5 More San Francisco Branches Due to “Ongoing Organized Retail Crime”
(Ramon Tomey) Drugstore chain Walgreens has recently announced the closure of five more stores in San Francisco. The company confirms to KCBS 106.9 that the stores will close in November due to “ongoing organized retail crime.” Walgreens says customers who need their prescriptions filled will be redirected to other branches near the affected locations.