| 'You're right': Fox hammers squirming Trump official into confession over economy On Wednesday, amid reports that inflation is rising with increasing speed, one of President Donald Trump's top officials was left squirming as a Fox News host held his feet to the fire about the state of the economy. In the end, National Economic Council Director Kevin Hassett was forced to admit that the situation is 'disappointing.' 'The market doesn't like this,' said longtime Fox financial analyst Stuart Varney. 'Interest rates are rising. It's the last report heading into the midterms, and it's not real great on inflation, is it?' As the New York Times explains, 'The Consumer Price Index rose 3.7 percent in September from a year earlier, faster than a month earlier, as gas prices surged 34 percent.' At the same time, interest rates have been pushed up due to inflation and the fast-mounting national debt, both of which were accelerated by Trump's decision to launch war with Iran, while the debt also jumped higher due to tax cuts passed by Republicans last year. As the prices of gas and diesel have climbed, so have the costs of everything else. |
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At www.alternet.org from AlterNet
At www.alternet.org from AlterNet
