Another eye-popping inflation reading is ahead. Next year could look very different.

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Republicans have pounded Democrats for months over spiking gasoline and grocery costs, a phenomenon they’ve dubbed “Bidenflation.” By the time next year’s elections roll around, that line of attack may lose its punch

“The politically relevant part of inflation is almost the exact opposite of the economically relevant part that the Fed is focused on,” said Jason Furman, a professor at Harvard Kennedy School who was a top official in the Obama administration. “People care about the prices they pay, and especially the prices they pay most frequently and most transparently, which are gasoline and food.”

“Look at what inflation’s doing: It’s not hurting the rich, it’s hurting the poorest families when they’re struggling to fill up their cars, put food on the table, afford a house,” Scott said on Fox News this week. “We have all this supply coming online and demand seasonally gets weaker, and then we have Omicron on top of that,” Salazar said. “We’ll probably get some restrictions, in terms of travel, and that leads to a natural surplus.”

Salazar said he expects that prices next year could hover in the low $70 to upper $60 range, which would ultimately translate to a drop in the cost of gas; prices at the pump lag those of crude by no more than a month or two.

 

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....... and necessary demand and an indication of performance and good work economically and politically ... As for the decrease in the price level, it becomes a historical achievement.

Certainly, a reasonable and temporary rise in prices as a result of some exceptional circumstances is normal and acceptable...The decrease in the inflation rate remains gradually and the return of the price level to the normal situation is a popular and necessary demand and

They still got a backup plan, CRT AND CARAVANS 👍

griffin_ghia billmaher.BidenReps . Imagine inflation backfiring on the GOP. Imagine GOP leaders saying “Oh, Scheiße, leichter Fehler!” Augenzeuge2

This too will not stick. You guys shit the bed with Trump. Bk the blue & blue lives matter cancelled on j6. Trump gave away $2 trill & golfed more than tiger in his last yr 😆

If 'Lets Go Brandon' is still a thing, it won't matter

How is this story important if not to use other words to critic Biden?

If Republican Fascists had taken action to combat the Coronavirus instead of hiding behind trump and FOX Propaganda lies we wouldn’t have been in this mess to begin with. The Fascists always leave their mess behind for Democrats to clean up (i.e. 2008 financial collapse, Covid..)

AllieMcCandless more cats please

Today’s Putin/Trump-worshipping anti-science pseudo-Christian seditious anti-democracy Q-fed ethno-nationalist GOP continue to pretend that the COVID-19 crisis and Trump being POTUS until 1/2021 did not happen.

If Americans are feeling the effects of inflation in a year from now, the Bidenflation message will still be very much in effect.

WHAT is happening with the Maxwell case? WHO were the men involved? COVER THAT.

Eh, then the Republicans will just go back to screaming about caravans or CRT or whatever else fox news tells them to get their viewers frothing at the mouth.

Janet Yellen disagrees.

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