Kudlow tells Hassett inflation number was ‘lousy’
Summary
Larry Kudlow, a host on Fox Business, called the recent inflation numbers “lousy” during a discussion with Kevin Hassett, the head of the National Economic Council. The inflation rate, measured by the consumer price index (CPI), went up 3.8% over the last year and 0.6% in April.Key Facts
- Larry Kudlow criticized the inflation numbers as “lousy.”
- Kevin Hassett is the director of the National Economic Council.
- The consumer price index (CPI) measures inflation by tracking changes in prices for goods and services.
- The CPI increased by 3.8% over the past 12 months.
- In April alone, the CPI rose by 0.6%.
- The Trump administration is working to defend its economic plans amid rising inflation.
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