Blow up the deficit!

The case for a $1 trillion annual shortfall in the federal budget

Money vortex.
(Image credit: Lightboxx / Alamy Stock Photo)

As most working Americans could tell you, the economy is still not doing well.

Right now, political pressure to fix this tends to focus on the Federal Reserve. When the Fed hikes interest rates to curb inflation, it also risks squashing job growth. So activists like the Fed Up campaign are pushing Fed officials to lay off their recent interest rate increases. And a bevy of economists just released a letter urging the Fed to target inflation higher than 2 percent.

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Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.