Welcome back to The Red Letter.
The latest inflation report is out—and if you’re a “hardworking American,” as Robert Wolf put it, “you didn’t like what you saw.”
Prices rose again in March. Growth is slowing. And yet, if you listen to the administration, everything is under control.
So which is it?
In this conversation, I sit down with financier and former Obama advisor Robert Wolf to break down what’s actually happening behind the numbers—and why the story being told in Washington doesn’t match what people are feeling in their everyday lives.
Because here’s the truth: inflation slowing doesn’t mean prices are going down. And once prices rise, they tend to stick.
Thank you Abi Baker, Cathy Stein, Karen RN, Christine Niedzielko, SammyD, and many others for tuning into my live video! Join me for my next live video in the app.
