How to Curb Inflation Beyond the Fed

How to Curb Inflation Beyond the Fed

With inflation hitting a 40-year-high the Federal Reserve is raising interest rates. But businesses are looking for ways to curb soaring prices beyond the Fed's tightening monetary policy. And the U.S. Chamber of Commerce has a few suggestions.

The latest data from the Labor Department's consumer price index (CPI) shows that inflation climbed 8.5 percent in March, with food and energy exhibiting some of the highest increases. Some economists believe that the March reading will be peak inflation. Nevertheless, inflation registered as the primary concern for small businesses in March according to the National Federation of Independent Business's Small Business Optimism Index. The index also reported a dimming level of optimism.