Morning Jolt: Biden Just Doesn’t Get It on Inflation

On the menu today: This is one of those mornings when, by the time I've finished writing the Jolt, I'm irked and irritated, because there's mounting evidence that we're still in the middle of a long, difficult bout with inflation, not almost done with it. Meanwhile, our president thinks he isn't getting enough credit because in the past few months, "Inflation hasn't spiked. It has just barely — it's been basically even." Stuck around the worst inflation rate in 40 years is a terrible place to be, and this president is indignant that people aren't being more appreciative of the amazing job he's doing.

Pouring Gasoline on the Inflationary Fire

There's a good reason to be worried about inflation.

The Consumer Price Index measures how today's prices compare to the prices twelve months ago. If you see 2 percent inflation as normal or stable as the Federal Reserve does, then when the CPI number gets well beyond 2 percent, that's when we worry. If you look at the month-by-month numbers ...

TODAY'S MORNING JOLT WITH JIM GERAGHTY
IS PRESENTED BY

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WITH JIM GERAGHTY September 21 2022
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WITH JIM GERAGHTY September 21 2022
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Biden Just Doesn't Get It on Inflation

On the menu today: This is one of those mornings when, by the time I've finished writing the Jolt, I'm irked and irritated, because there's mounting evidence that we're still in the middle of a long, difficult bout with inflation, not almost done with it. Meanwhile, our president thinks he isn't getting enough credit because in the past few months, "Inflation hasn't spiked. It has just barely — it's been basically even." Stuck around the worst inflation rate in 40 years is a terrible place to be, and this president is indignant that people aren't being more appreciative of the amazing job he's doing.

Pouring Gasoline on the Inflationary Fire

There's a good reason to be worried about inflation.

The Consumer Price Index measures how today's prices compare to the prices twelve months ago. If you see 2 percent inflation as normal or stable as the Federal Reserve does, then when the CPI number gets well beyond 2 percent, that's when we worry. If you look at the month-by-month numbers ...   READ MORE

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