Analysts in Ohio are keeping a watchful eye on certain decisions made on the federal level to address the problem of inflation. Ohio Public Media’s Andy Chow talked to Rea Hederman, with The Buckeye Institute, and Guillermo Bervejillo with Policy Matters Ohio about the impact of inflation in Ohio.
The Buckeye Institute filed an amicus brief with the U.S. Supreme Court in National Pork Producers Council v. Ross, urging the court to declare that California’s Proposition 12—which purports to regulate the pork industry within the Golden State, but in reality imposes its regulations nationwide—violates the U.S. Constitution’s Commerce Clause. “Not only does California’s Prop 12 violate the U.S. Constitution, but it also undermines the unique American principle of federalism.”
The Buckeye Institute commented on Ohio’s newly released jobs report, saying, “Ohio’s job market continued to see mostly strong growth in May with the unemployment rate falling to 3.9 percent…while workers continued to return to the job market, driving Ohio’s labor force participation rate to 62 percent… However, recent economic news has been grim, with inflation spiking to 40-year highs and the Federal Reserve raising interest rates to a nearly 30-year high.”
