Highest Inflation in 40 Years

As reported this morning, the consumer price index for January rose 7.5% in 12 months; this represents the largest 12 month increase in CPI since February of 1982. As expected, the market has been trending downwards as the trading day has progressed. Generally, investors fear that the Fed will take a more aggressive stance in battling inflation than what was previously thought.

What are the steps that the Fed can take to combat the surging inflation? What are some steps that you as an individual can take to do the same? Check out Jeremy's thoughts below!

As Jeremy discussed, Ronald Reagan famously addressed the nation in February of '81 regarding similar inflationary problems. If you'd like to take a trip down memory lane and view his address, click here.