The Memo: Trump, GOP race the clock to bring inflation down before midterms

The Hill

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Original Report

↗ The Hill

President Trump and his Republican colleagues are in a race against time, hoping that inflation can be bent downward in time to revive their chances in November’s midterm elections. Seen through one lens, the picture is bleak. New data released late last week on personal consumption expenditures (PCE) showed inflation above 4 percent. Even excluding food…