With inflation at 8.5 percent in July, down from 9.1 percent in June, is inflation starting to cool off, or is this just a temporary reprieve? Joining us to discuss these and other issues are Phil Magness, Research and Education Director at the American Institute for Economic Research, and Michael Ashton, Managing Principal at Enduring Investments LLC. They spoke with Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News.
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Phil Magness on Twitter: @PhilWMagness (https://twitter.com/PhilWMagness)
Follow Michael Ashton on Twitter: @inflation_guy (https://twitter.com/inflation_guy)
0:00 – Has inflation peaked?
4:39 – Biden’s ‘0% inflation’ claim
8:08 – Macroeconomic outlook
16:14 – Tax cuts and inflation
17:19 – Inflation Reduction Act
20:08 – Investment implications
#inflation #biden #investing
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