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policies on capitol hill this week. telling lawmakers the $1.9 trillion american rescue plan contributed only modestly to higher prices even as she acknowledged inflation levels are unacceptably high. 8% inflation is an unacceptable inflation rate in the united states and it is president biden s number one objected to get that out. paul: let s bring in cabot former chairman of the council of economic advisers at the white house and distinguished visiting fellow at the hoover institution. welcome kevin. so peak inflation. everyone has said it has picked it has picked looks like it is peaking or that peaking keeps going to higher peaks. what is everybody missing in the markets? everybody really isn t everybody. if you look at google searches for inflation then my friend joe sullivan did a really interesting piece where he correlated google search for inflation with the inflation rate. right now americans are searching at the rate they would do if inflation were 9% whi ....
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