- 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.
For further details see:
Hammering Inflation With A Gavel