Senior White House aides are exploring new ideas to respond to high gas prices and are looking again at some that they had previously discarded, desperate to show that the administration is trying to address voter frustration about rising costs at the pump.
How the hell is this going to help inflation? I’m starting to think politicians don’t have solutions to anything but print and throw money at issues.
The week’s staggering decline in the stock market — coupled with weaker-than-expected jobless claims and retail sales data — also reflects the risks in the central bank’s move to crush inflation by tightening monetary conditions. Wall Street recorded its worst week since March 2020, the early days of the coronavirus pandemic, as investors struggle to adjust to the Fed’s dramatic move.