Experts' Inflation Consensus Shifts, Altering Election Dynamics Federal Reserve Chair Jerome Powell’s recent speech at Jackson Hole signaled that inflation is on track to reach the Fed’s 2% target, likely leading to interest rate cuts in September. This development, coupled with shifting public opinion, suggests that inflation is fading as both an economic and political issue. Recent surveys show Vice President Kamala Harris gaining ground against Donald Trump on economic matters, with some polls even favoring her. The diminishing political impact of inflation may be attributed to a growing expert consensus that pandemic-related factors, rather than government policies, were the primary cause of inflation. This shift in perception could potentially benefit Democrats in the upcoming election. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Assassination of Hamas Chief in Iran Raises Middle East War Fears READ MORE Investment Giants Turn to Gold as Hedge Against Economic Uncertainties READ MORE ING: Gold tops $2,500 for the first time READ MORE Inflation Ticks Higher in January, Surpassing Predictions READ MORE Global Currency Shifts: Dollar Rises, Yen Struggles, and Europe Reacts READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment