Good morning and welcome to the Sunday edition of Morning Wire, where we give you the weekend rundown to get ready for the week ahead. Today, California grapples with how to support oil workers amid the state's energy transition, drone footage above Gaza City shows the toll of war, and celebrities pay tribute to actor Diane Keaton who died at age 79.
But first, dismissing or even downplaying inflation poses big risks for the White House and the Federal Reserve.
|
People shop for clothing at a Sam's Club in Bentonville, Ark., on Sept. 24. (AP Photo/Charlie Riedel) |
Trump says inflation is 'defeated' and the Fed has cut rates, yet prices remain too high for many
|
Inflation has risen in three of the last four months and is slightly higher than it was a year ago, when it helped sink then-Vice President Kamala Harris' presidential campaign. Yet you wouldn't know it from listening to President Donald Trump or even some of the inflation fighters at the Federal Reserve. Dismissing or even downplaying inflation while it is still above the Fed's target of 2% poses big risks for the White House and the Federal Reserve. Read more. |
