By David Beasley (Arizona Business Daily)
Experts have explored for several months the potential contributors to the high U.S. inflation numbers, but there has yet to be a sound consensus on the primary reason, the Functional Government Initiative (FGI) said in a recent news release.
Leading contenders include federal spending on pandemic relief bills, high oil prices, and now high tensions in Europe, the news release said. FGI has begun their search by digging into government policies.
FGI, a non-profit watchdog group, is seeking full transparency from government agencies in the following areas: “actions to slow gas price hikes using emergency powers; calls for investigating the meat and energy industries; efforts to hinder domestic fossil fuel production, halt pipeline approvals and shut down American mines; and considerations behind the decision to re-nominate a Federal Reserve chairman who has presided over 40-year highs in inflation,” the group said in the release.