Trumpflation won’t be temporary

Conservatives called it “Bidenflation” when President Joe Biden’s economic policies pushed the inflation rate to its highest point in decades. Now that President Trump’s economic policies are reigniting inflation, it’s only fair we call it “Trumpflation.” Although it may not reach the level that Bidenflation hit, it’s not going away soon.

When prices started rising in the early days of the Biden administration, as the COVID-19 pandemic was rounding the corner and would soon start to decline, the Federal Reserve Bank suggested the price increases would be “transitory” — primarily a result of supply constraints.

Read the full article here: https://thehill.com/opinion/white-house/5884074-inflation-rise-trump-policies/

(Photo credit: AP Photo/David Zalubowski)