How the economy is doing has always been a contentious topic, particularly when friends and family with different politics gather for Thanksgiving dinner. And the question has gotten even thornier this year, with consumer sentiment and polling data about the economy becoming historically de-linked from official measures of economic health like GDP. It’s not our job to tell people how they should feel about the economy, but we can at least add some facts as context to common complaints.
yup on inflation. just look at the fed interest rate for the last decade. you will see how it was raising at a nice gradual pace as obama finished up and then trump bully pulpitted it down to nothing before covid even hit. if they had kept the measured pace it would not have had the bad effects of having to pull so hard on the rudder now.