Free Market Money: The Antidote To Too Late Jay And Too Easy Donald

The Donald seems to be continuing his bombing campaign, albeit this time by pivoting back to the home front and taking aim at “Too Late” Jay.

As usual, Trump has he facts all wrong about who has had how many rate cuts and that inflation has miraculously disappeared since January 20th. In fact, if anything inflation has bottomed at an unsustainably high 3.0% level. Indeed, since March 2023 the annualized monthly change in our trusty 16% trimmed mean CPI has cycled between 2.5% and 4.0% with no indication that a return to the Fed mandated 2.00% lane is imminent.