Pennsylvania Sen. Casey warns Amazon, Target and Walmart over 'greedflation' pricing

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Pennsylvania Sen. Casey warns Amazon, Target and Walmart over 'greedflation' pricing
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Rob Wile is a breaking business news reporter for NBC News Digital.

Pennsylvania Sen. Bob Casey has sent letters to Amazon, Target and Walmart over concerns that pricing decisions made at the retail giants since the pandemic may have been driven by aggressive push for profits at the expense of everyday Americans' wallets.

Most economists have blamed a confluence of factors that include acute supply chain disruptions — and resulting shortages — sparked by the economic slowdown during the pandemic, alongside aggressive fiscal and monetary stimulus enacted to prevent a recession. In a recent interview with the Financial Times, Olivier Blanchard, an economist at the Massachusetts Institute of Technology, captured the lingering uncertainty about how much each of those factors has contributed to the price surges.

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