Why Trumponomics Could Lead to Trumpflation

So, will we have a ticker-tape parade to celebrate V-I — victory over inflation — Day? I guess not, but we appear to have pulled it off. The Federal Reserve’s preferred measure of consumer prices rose only 2.2 percent over the past year, within a whisker of the Fed’s 2 percent inflation target. And we got there without the recession that quite a few economists predicted — in fact, the U.S. economy grew 6 percent over the past two years, even as inflation plunged. Read Full Article »