by Pam Key
Breitbart.com
Breitbart News economics editor John Carney said Tuesday on Fox Business Network’s “Kudlow” that the Trump administration’s plan to reduce the size of the federal government will be “profoundly anti-inflationary.”
Host Larry Kudlow said, “I mean, over 50,000 federal jobs, John, and I want to add to that the impoundment issue. I know that official Washington swampland doesn’t like impoundment. The fact is, American presidents had it for over 200 years until a far-left Congress took it away from Richard Nixon, you know, during his worst moments in 1974. But budget-cutting, employment rifts, and impoundment- now that is going to be tough stuff.
Carney said, “It is a profoundly anti-inflationary.”
Kudlow said, “There you go.”
As we come to the end of trading in the first month of 2025, expect another round of high inflation to be unleashed this year.
“Companies figured out they do like to raise prices. But we also hear a lot from companies these days that consumers have really had it with price increases.”
Finally, a real libertarian is president.
When President Donald Trump won a second term in November, the economy topped most voters’ concerns. Many felt the pain of higher prices, and they voted with their wallets.
Vice President JD Vance wants you to believe that Donald Trump will bring down grocery prices, even if he can’t spell out the nitty gritty of how it’s going to be accomplished.:max_bytes(150000):strip_icc():format(webp)/GettyImages-2195557704-b7b040b4cfd842579bb93e12e1921618.jpg)
The Federal Reserve’s preferred measure of inflation likely accelerated in December, keeping the possibility of lower interest rates off the table for the time being.
[…] Let’s take a look at the 30yr Treasury yield Continuum from another angle by way of a chart I just found in my list that we used back in those critical days of early 2020 in gauging the coming inflationary recovery (and future inflation problem). I’ve marked it up further today in an effort to tell a story.
The British pound has reversed directions on Tuesday and is considerably lower. In the North American session, GBP/USD is trading at 1.2436, down 0.48% on the day.
After four years of gaslighting the American people that inflation was transitory or non-existent, and just days after assuming office, the Democrat Party is blaming inflation on President Donald Trump.