High inflation and efforts to tame it defined 2022 economy
For the economy, 2022 was a throwback year. And not in a good way.
At times, it felt like the 1970s or early ’80s. Inflation running rampant. The United States and its European allies engaged in a not-so-Cold War with Russia. A bleak outlook leaving people feeling sour and anxious.
It wasn’t supposed to turn out like this.