President Donald Trump has decried the “incalculable” damage Federal Reserve Chairman Jerome Powell has done by not lowering interest rates after inflation rose less than expected from a Tuesday report.
During an interview on Bloomberg on Tuesday, White House National Economic Council Deputy Director Bharat Ramamurti reacted to the May CPI showing prices increasing 0.1% in the month of May with core inflation rising by 0.4% in the month —
On Tuesday, ABC News Business Reporter Alexis Christoforous said that the May CPI report shows that prices are “still on the rise,” and that the “uncomfortably high” core inflation measure shows “that inflation is becoming sticky in certain areas of
Federal Reserve Chairman Jerome Powell will get his pause.
On Wednesday’s broadcast of CNBC’s “Squawk on the Street,” White House National Economic Council Deputy Director Bharat Ramamurti stated that the April CPI report that showed core and overall inflation increasing and the monthly rate of overall inflation increasing from
During an interview aired on Thursday’s broadcast of CNBC’s “Squawk on the Street,” IMF Managing Director Kristalina Georgieva stated that the “stickiness of core inflation is going to go through this year,” and “hopefully, we will see it melting away next
On Wednesday’s broadcast of CNBC’s “Squawk on the Street,” White House National Economic Council Deputy Director Bharat Ramamurti stated that the March CPI report is “very, very positive” and that we’re moving in the right direction on inflation. Ramamurti said, “I
There is likely to be a lot of discussion around the idea that March was “peak inflation” if the Consumer Price Index for April comes in as expected on Wednesday.
