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Wealth
Economics

‘Whopping’ Golf Club Fees Cited as Example of Hidden Inflation by Philly Fed President

Federal Reserve leaders are hearing about the economic pain that inflation is causing for Americans -- including those who are members of private golf courses.

Philadelphia Fed President Patrick Harker, in a speech Tuesday on the economy and housing, said inflation is widespread and showing up in a wide array of items that are part of the consumer price index “basket” representing Americans’ expenses, and some that aren’t.