Cooling Price Growth Has Democrats Tasting Victory Over Inflation

October 21, 2024

After more than two years of being politically battered over soaring prices, Wednesday’s inflation report left many Democrats feeling victorious. “We’ve won the battle against inflation,” Bharat Ramamurti, former deputy director of the National Economic Council, wrote on X. “It’s time for the Fed to begin cutting rates.”Congressional Democrats were also using the report to push the Fed to cut aggressively. “Under Kamala Harris, everything costs 20 percent more than it did under President Trump,” said Karoline Leavitt, the Trump campaign’s national press secretary. “Prices are still too high.”The post Cooling Price Growth Has Democrats Tasting Victory Over Inflation appeared first on New York Times.