Tuesday, April 4, 2023

Biden's temporary inflation declining more slowly than others in the last 70 years.

 Core inflation is taking much longer to cool than in previous historic periods.


Treasury Secretary Janet Yellen said she was wrong a year ago when she said she anticipated inflation would be "a small risk," "manageable" and "not a problem."  Of course her predictions were not based on macro fundamentals but on promoting election of Democrats.  

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