Search Posts

It was just announced that inflation came in substantially hotter than expected last month, double what was predicted with much of the gain coming from food prices going up, rent and housing costs going up and car prices going up. Interest rates, as you know, are also a big factor. They're very high. They've gone from 2% when I was in office to 10% now and you can't get the money. That means it's much higher than 10%, which really kills the American dream for young people. We have a lot of young people here, a lot of college people here. The fact is that the Federal Reserve brought the interest rates down a little too quickly. It was too big a cut and everyone knows that was a political maneuver that they tried to do before the election, but they did the wrong thing. It was totally a political decision and inflation has started to rise.

Transcribed automatically. Expect errors in names and numbers.