Kudlow: The Fed hasn’t even begun to fight
FOX Business host voices his concerns over inflation on ‘Kudlow.’
After speaking yesterday to a group of Washington business economists, Fed Chair Jay Powell had a revealing back-and-forth with reporters. I want to explore this. Inflation is the number one problem in the country.
A recent Wall Street Journal poll asked respondents, "What's the most important issue?" Inflation was at the head of the list. Twice as many people cited it as the second-highest issue, which was the war in Ukraine. Ten times as many people cited inflation over the coronavirus pandemic.
In that same Wall Street Journal poll, 63 percent disapproved of Joe Biden's handling of inflation — just 34 percent approved.
RUSSIA’S WAR WITH UKRAINE CONTRIBUTING TO RISING COST OF INGREDIENTS, GAS FOR BAKERIES