Another thought for people complaining that inflation may be down, but prices are still high: over the past century, only one president has presided over a significant fall in consumer prices. His name was Herbert Hoover. pic.twitter.com/QpiWBpXQje
When can we declare that inflation is beaten? It’s not really about a specific target; it’s when expected inflation is low enough that people stop paying attention. And we’re basically there pic.twitter.com/J1NNoor9UQ
JUST IN: More good news on inflation. The US inflation rate cooled to 2.5% (y/y) in August, the lowest since February 2021. This gives the Fed and everyone else more confidence the inflation battle has been won.
Powell’s speech attributing inflation largely to transitory pandemic effects was apolitical, but it implicitly absolved Biden’s policies. So sure enough, tech bros who showed their political acumen by boosting RFK Jr. are declaring that government spending causes inflation pic.twitter.com/B1EZooZe9s
Despite warning from China, German warships sail through Taiwan Strait on their way to Philippines. Here is why this is a political statement. #unpackedpic.twitter.com/fCFkcYbRW9
🚨🇺🇸 The US is capable of destroying all of Russia and China's nuclear launchpads in just two hours, a military analysis has found. pic.twitter.com/Y9jeObA2CU