WCPO: Small business owners worry about inflation
UC economist says stimulus funds are still affecting the economy
Inflation is the biggest concern facing small business owners and less than half of them think their local economy will improve, WCPO reported.
To slow spending and reverse rising consumer prices, the Federal Reserve Board authorized the largest interest rate hike in more than two decades.
The nation is still dealing with the effects of stimulus funds pumped into the economy during the COVID-19 pandemic, said Michael Jones, the Kautz-Uible Professor of Economics in the University of Cincinnati’s Carl H. Lindner College of Business.
"It was $2 trillion and if the supply chain can't respond to that increased money that's in the economy then that's going to cause prices to go up as well," Jones said.
Featured image: UC economics professor Michael Jones. Screenshot courtesy of WCPO video.
Impact Lives Here
The University of Cincinnati is leading public urban universities into a new era of innovation and impact. Our faculty, staff and students are saving lives, changing outcomes and bending the future in our city's direction. Next Lives Here.
Related Stories
Hoffman Scholars begin a year of exploration and engagement
September 25, 2025
The second year of the Hoffman Honors Scholars program (HHS) is in full swing. This fall, University of Cincinnati faculty and staff welcomed 22 new students as the second cohort of the Hoffman Honors Scholars program (HHS). Students from UC’s College of Arts and Sciences, College-Conservatory of Music and the Carl H. Lindner College of Business are provided tuition, room and board and a plethora of community tools and skill-training.
Renowned sculptor and UC grad talks about his public art
September 24, 2025
UC graduate and renowned sculptor Tom Tsuchiya talks to CET about his many public works of art, including his latest, a bust of 700-WLW radio announcer Marty Brennaman that was unveiled in September outside Great American Ball Park.
Center for Business Analytics appoints new executive director
September 23, 2025
The Center for Business Analytics has announced the hiring of Georgette Angulo-Ramirez as its new executive director. Angulo-Ramirez succeeds Tim Cholvat, who retired.