TAGS - Hammering Inflation With A Gavel

• Outside of Congress and the Federal Reserve, the White House is limited in what it can do to fight inflation.
• While we have seen the White House now focus efforts on refining capacity, our expectation is that the summer could see new record highs for gas prices in the U.S.
• The White House is contemplating removing tariffs imposed on China by President Trump, which according to some estimates cover nearly two-thirds of goods imported from China.
• Any efforts aimed at food production are much more long-term and are unlikely to materialize before the midterm elections.

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