Free Republic

The latest inflation report says we’re still 50% over the Fed’s target. Is that really close enough? Will inflation disappear by itself? Why is Jerome Powell so close to giving up the inflation fight? Morgan Stanley thinks the Federal Reserve could start cutting rates as early as September, based on the idea that “inflation is finally under control.” The Federal effective funding rate has been held at 5% or higher since May 2023, as you can see on the graph below: (You can also see how the rate was left over 6% – at one point a mind-boggling 19% –...

During an interview on Tuesday for Wednesday’s BET News interview special “Black America Votes: The Biden Interview,” President Joe Biden said that his economic policies haven’t resonated with people “because the Republican Party and the MAGA Republicans have been opposed to it, and they’ve been beating up on it.” And because “it’s just taking time for people to see it. And the other thing is, there’s not been a very good job done about saying, this new billion-dollar bridge going over there is brought to you by Joe Biden.” But some of his policy agenda has “resonated for those who...

During an interview on Tuesday for Wednesday’s BET News interview special “Black America Votes: The Biden Interview,” President Joe Biden said that he tells people who are dealing with high prices that inflation is falling, he believes the Federal Reserve will reduce rates, we have to confront corporate greed, he has policies on housing, and he implemented his student loan plan. Journalist Ed Gordon asked, “What do you tell people who are paying six bucks for cereal, they can’t take their kids to a movie or a ballgame, memories that last with you? What do you tell them?”

.....After decades of being patched up on the cheap, London’s rental homes are in a state of comical disrepair. In one flat, my housemate and I spent an entire night trying to stop our sink from flooding the kitchen, which it tended to do whenever we used the washing machine thanks to a creative plumbing job the landlord had done while cramming another bedroom into the flat. I’m 28 now, and there’s a Section 21 notice in my inbox. My current landlord has decided to raise the rent beyond what I can afford, having already bumped it up last year...

Claim: Inflation was at 9% when U.S. President Joe Biden took office in January 2021.FALSE

transcript 0:00 crazy news from Russia the news that matter and that you will not find in any 0:06 mainstream media I give them to you every weekend and this is week 27 in 0:12 review snow in Russia in the middle of July Islamic banking is on the rise in 0:19 Russia Indian Prime Minister visits Putin more convictions of Russian 0:24 generals and the suspicious deaths fewer Russians can afford cars now and even 0:32 the Chinese cars become Rarity sell your friend for a coin program is introduced 0:39 by Russia's Ministry of defense and Russian books...

Nearly two-thirds of Americans say inflation is a very serious problem heading into the November election, and voters are more likely to trust former President Trump to handle the issue over President Biden, according to a new poll. The latest YouGov poll, released Friday, found that inflation tops the list of issues voters surveyed identified among their top concerns, with 64 percent of respondents saying it is a major problem. The survey included 25 issues to rank as a serious problem, somewhat serious problem, minor problem or not a problem. Other issues that ranked among voters’ most serious concerns included...

U.S. — As the November presidential election continued to draw closer, prominent Democrats gave the American people a stern warning about the prospect of a terrifying fascist state where government shrinks and people can afford groceries. The potential future, which Democrats pleaded with voters to avoid by defeating Donald Trump, would plunge the nation into a hellish wasteland of less crime, cheaper gas, and lower real estate prices. "An unspeakable, horrifying hellscape," Senate Majority Leader Chuck Schumer said in a sobering statement to the media. "A darkened world once thought to be unimaginable, where everyone can find a job, food...

The U.S. government’s immigration policy raises inflation pressures in some parts of the economy, but also reduces it in other parts of the economy, Federal Reserve chair Jerome Powell told Sen. JD. Vance (R-OH). “Overall, in terms of aggregate inflation, I wouldn’t say it’s a driver [of inflation] one way or the other,” Powell told Vance on July 9. Powell’s admission discredits media-magnified claims by many business interests — including Goldman Sachs — that more migration would help reduce the inflation that has crippled President Joe Biden’s administration. That unfounded claim has been touted by many establishment media outlets, such...

The media’s umpteenth month of mishandling CPI data to protect the Biden White House comes as no surprise. Contrary to the corporate media cabal’s desperate attempt to paint the Consumer Price Index report for June 2024 as a sign that inflation “cooled” and will continue “cooling” and “slowing” the closer the nation gets to November’s presidential election, Americans are still paying higher prices on basic day-to-day goods and services than they did in the last four years. When the U.S. Bureau of Labor Statistics released its latest inflation index showing a 0.1 percent decrease in prices from May 2024 to...

A woman could not believe her eyes when she saw how much it would cost her to buy a fast food meal for her family as inflation chokes people across Democrat President Joe Biden’s America. The woman, identified as Josie, posted a video on TikTok after she pulled up in the fast food joint’s drive-thru lane to choose what she wanted from the menu, the Daily Dot reported Sunday. “I remember when a 12-piece family meal was $12.99. Now it’s $43.00,” she said in the video. The caption of the video read, “I did not buy. I went home and...

Whoopi Goldberg, the star actress of Sister Act and The Colour Purple, has come under significant public backlash after she had some harsh advice for Gen Zs and millennials. Goldberg emphasised during a session on The View, where she hosts alongside others, that they "just need to work harder" if they want to purchase property and provide for their families.

Grocery costs are too high for families across the country. We have a plan to tackle them. Partnering with 31 state Attorneys General to take on price gougingSuccessfully calling on grocery chains to lower costs -- urging more to join leaders like Target, Walmart and ALDI in lowering pricesProviding low-income families of four $2000 more for groceries by improving SNAP and launching summer EBT

Talk like a Federal Reserve Governor! A number of pominent cheerleaders (economists) have come out before CNN debate to claim that another Trump Presidency will generate even worse inflation than it has under Biden. Really? Before Covid struck in 2020, the last CPI YoY reading for Trump was only 2.34%. It rose to 9% YoY under Biden in June 2022. How did this happen? Federal binge spending and reckless Federal Reserve monetary policy. The Nobel Prize -winning “economists” seem to have forgotten the unprecented money printing and interest rate suppression when Covid srtuck in 2020. Of course, inflation soared after...

Still no sticker shock, Janet? Treasury Secretary Janet Yellen was spotted stocking up on groceries on Saturday — after dismissing a question about inflation and rising food prices earlier this week. Yellen, 77, and her husband, economist George Akerlof, stopped by a Giant Food store in Washington, DC, after grabbing lunch at Japanese restaurant Raku. The millionaire couple had six security people in tow but pushed their own carts full of reusable Fresh Direct grocery bags out of the store after stocking up. Yellen — who is worth an estimated $20 million — drew criticism this week when she appeared...

Americans in upper-income groups are concerned about their ability to pay bills, with more than 15 percent of this demographic taking up additional jobs over the past year, according to a survey by the Federal Reserve Bank of Philadelphia.As of April 2024, 32.5 percent of respondents earning over $150,000 annually were worried about making ends meet over the next six months, up from 21.7 percent in April of last year, the June survey showed.This percentage is higher than for those in the income groups of $100,000 to $149,999, $70,000 to $99,999, and $40,000 to $69,999. Only individuals who earned less...

It takes a lot of gumption to go on television and repeatedly lie to more than 300 million Americans. I honestly don’t know how Joe Biden does it. I suppose that after you have been lying for your entire career, lying comes as naturally as breathing does. Sadly, there are still millions of Americans that are falling for his lies after all this time. Biden would like for us all to believe that the economy is “booming”, that the southern border is under control, that our communities are safe, and that Ukraine is going to win their war against Russia....

Americans across all age groups have dramatically cut back on spending between April and June, a recent study from TransUnion found, as many remain concerned about the higher cost of living despite declining inflation. ... 39 percent of all respondents said they had cut back on discretionary spending in the past three months. ... Among respondents who said they were concerned about inflation, the share went up to 58 percent. Sixty-six percent of respondents said they were concerned about the rising price of gasoline; 40 percent were worried about takeout and meal delivery becoming more expensive; and 84 percent feared...

While the new year marks a time for new beginnings and a fresh start, millions of Americans entered 2024 with more debt and less to put in their checking and savings accounts. At the start of the year, U.S. household debt reached a record high of $17.3 trillion, according to data from the Federal Reserve Bank of New York (NYFRB). ... Key Findings Overall, U.S. household debt increased by 4.8% from November 2022 to November 2023, with credit card debt as the highest increase at 16.6%. Around a third of Americans said they expected to go into debt for holiday...

Making ends meet is a concern for one-third of U.S. consumers, even those making $100,000 or more a year, according to a survey by the Federal Reserve Bank of Philadelphia. This is up from 28.7% a year ago. Among those able to pay their bills in full, more than a quarter worry they will be able to continue to cover their bills in the next six months, up from one-fifth a year ago. Thirty percent of those making $150,000 or more are concerned about their finances in the next six months.