Fox News guest preemptively absolves Trump from inflation during his term
Mark Tepper: “I'm more concerned about a year from today, and it would have nothing to do with President Trump's policies, but rather the second wave of President Biden's policies that could potentially hurt us even more”
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From the December 11, 2024, edition of Fox News' America's Newsroom
MARK TEPPER (STRATEGIC WEALTH PARTNERS CEO): We made a heck of a lot of progress, obviously inflation has come down, but it's stubbornly now high. It's not getting any lower. For four straight months we've seen, from a month-over-month standpoint, core CPI come in at 0.3% which is basically twice the Fed's mandate of 2% annually. ... Some of the stickier issues, it gives me concern that we're going to be stuck in this situation for a little longer than we'd like, and according to Strategic's research, whenever inflation exceeds 6%, which we were up to 9.1%, there's an 85% chance of a second wave of inflation. So I'm more concerned about a year from today. And it would have nothing to do with President Trump's policies, but rather the second wave of President Biden's policies that could potentially hurt us even more.