Trump isn't responsible for the ~3% inflation he inherited. But it's a problem for him b/c tariffs, maybe tax cuts could keep it above Fed's 2% target. In 1st term, w/ core inflation <2%, tariffs & tax cuts helped Fed meet rather than miss 2% target. My column: www.wsj.com/economy/infl...
wsj.com
Inflation Helped Trump Get Elected. Now It’s His Problem.
The president’s team blames his predecessor for stubborn inflation, but Trump’s own agenda could make it harder to defeat.