What A Day Inflation Is Up Again. What Does That Mean For Your Wallet?
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Feb 13, 2025 Victoria Guida, an economics correspondent for Politico, breaks down the rising inflation that's caught policymakers off-guard, affecting costs from groceries to housing. She explains the implications of these economic changes amidst Donald Trump’s unfulfilled promises. The discussion highlights the tug-of-war between public perception and economic reality. They also touch on how domestic policies might influence international relations, with a focus on Trump's conversations with world leaders regarding the ongoing Ukraine situation.
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Inflation Concerns
- January's inflation increase, while higher than predicted, isn't drastically different from recent trends.
- The Federal Reserve aims for 2% inflation, but current rates hover around 3%.
Trump's Impact on Inflation
- It's difficult to blame the new Trump administration entirely for the recent inflation spike after only three weeks.
- Trump's tariff threats might have played a role, but January typically sees price increases.
Presidential Power Over Prices
- Presidents have limited control over specific prices like groceries.
- Deflation, or generally decreasing prices, is typically a sign of recession.