“And what do the two of you want Trump to do that he isn’t already doing?”
For one thing, he could order AG Barbie to do her effing job — AGAIN — or replace her.
>>”For one thing, he could order AG Barbie to do her effing job — AGAIN — or replace her.”
Well I can’t argue with you about that. She and Kash have been a disappointment. But he doesn’t need to disengage with the rest of the world to do that.
Best to slow down a bit.
Inflation per PCE (the only measure that matters) is about 3%. The latest CPI report was clearly affected by the shutdown and must necessarily be ignored. PCE is pretty pure and why it is the Fed’s preferred measure.
3% is a lot less than 9%, but it appears to be ticking up. The Fed likely will have to reverse short term rates with an uptick this year, which will cause screaming and upheaval, particularly from the President. What is not clear I suppose is if the uptick in rates happens on Powell’s way out or from the President’s hand picked replacement.
Make no mistake here, nobody, no matter how much they want the President’s approval, can stand pat with no rate increase if inflation edges towards 4 and 5%.
And no, it need have NOTHING to do with tariffs. Inflation happens for reasons no one will ever agree on, with all sorts of swaggering academic claims.
In truth, inflation happens for only one reason. The buyers are more urgent than the sellers. Everything else is more or less absurd.