What does the ‘blue wave’ mean for the Fed?
Democrats’ affordability and AI agendas are incompatible with fighting inflation, experts say
When the Democratic party regained control of the US Congress on November 3, it was after its candidates had campaigned hard on what proved to be the key issue for many voters: inflation and the question of affordability.
Both consumer price index (CPI) and personal consumption expenditures (PCE) inflation have been running above the Federal Reserve’s 2% target for five years. President Donald Trump’s previous dismissal of voter concerns about the cost of living as a ‘hoax’ may well have
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