Fellows says expect rates to continue to rise over the next two months as the Federal Reserve works to balance price increases with purchasing power.
Mississippi Bankers Association President and CEO Gordon Fellows joined Y’all Politics on Wednesday to talk about the impact inflation is having on Mississippians.
The cost of goods and loan rates are continuing to rise, causing many Mississippians to consider ways to tighten their belts in hopes of riding out this financial storm. It’s also causing businesses to rethink expansions and investments which could impact jobs.
The effects of this inflationary period aren’t likely to ease up anytime soon, as evidenced with gas prices and energy costs skyrocketing as summer begins, reaching record highs.
Watch and listen as Fellows outlines how the country got into this financial mess and what steps are likely coming next to try and curb its impact.
About the Author(s)
Sarah Ulmer
Sarah is a Mississippi native, born and raised in Madison. She is a graduate of Mississippi State University, where she studied Communications, with an emphasis in Broadcasting and Journalism. Sarah’s experience spans multiple mediums, including extensive videography with both at home and overseas, broadcasting daily news, and hosting a live radio show. In 2017, Sarah became a member of the Capitol Press Corp in Mississippi and has faithfully covered the decisions being made by leaders on some of the most important issues facing our state. Email Sarah: sarah@magnoliatribune.com
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