We are stuck in a mild stagflation at the moment. Not getting the needed growth from Big Beautiful Bill yet. Tariffs, IMO, could be helpful longterm, but are part of the problem right now.
The fed is trying to make the tarrifs look ineffective, and hate it that the president is enacting his own monetary policies and not seeking their approval.
The fed is unconstitutional, I think.
“We are stuck in a mild stagflation at the moment. “
Inflation is dead.
Last GDP + 3.8%.
Traffic here is heaviest I have ever seen.
Inflation is waaaaay down from the Biden years...
I couldn't possibly disagree more vehemently.
There's nothing "mild" about the stagflation in food prices, for example.
The only way out of this is to grow the economy & grow wages faster than the rate of inflation.
Any third year Economics student knows this.