“The Fed is once again misreading the moment. It’s failure to cut interest rates is harming working families who have to bear the cost of that inaction. Biden’s 9 percent annual inflation in 2022 is a thing of the past, and inflation under President Trump’s policies reached its lowest level in four years. With economic growth surging at 3.0 percent in the second quarter, today’s GDP report leaves no doubt: the President’s agenda is delivering for working families and small busines...
