More BS.
But the 20% and more inflation already in current prices, goods and services included and not included in their calculations, will still be in the base prices and will not be coming down
Saying the annual inflation rate will eventually drop to 2% or 3% is almost meaningless with the inflation already built into prices by Biden since election day.
If the R candidate wins in Nov 2024 and announces a stop to the war on fossil fuel and the end to the regulations of Biden inflation will stop immediately in Nov 2024.
Economic growth will explode. The only thing holding back the extent of economic growth at that point will be the inadequate labor supply.
Pure 2024 political propaganda. Just like Nixon had a secret plan to end the war. It’s bogus talk to shift the blame away from Biden where everyone knows it belongs.
“I am the eye in the sky, looking at you…”
As long as food and energy costs are eliminated from the calculation, it will continue to be a lie.
How about he and the entire DemocRAT party bet their lives on that?
Anyone else watching the Dow? Bidenomics seems to have failed to move it any direction but down.
At the same time that inflation is going up wages are staying the same or going down. So it doesn’t matter if inflation slows down till real wages catch back up to what they were before Biden and the Dems destroyed the economy.
Gee I wonder what the USA credit rating will be down to by then?
Good news. It’s only transitory
We’re cutting!!
35 trillion govt. spending to
30 trillion.
We’ve cut the deficit!! Slowing!
Woo hoo...Same thing
These are the same folks who told us inflation was “transitory” all of 2021 …
He knows nothing about the future direction of inflation. You can walk up to a random person on the street and his opinion would be as useless as this Fed governor. The only certainty is that his opinion would be more right than Paul Krugman’s. No great feat when one considers history has shown pretty much everyone on the globe would have a more right opinion than Krugman.