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FOXNEWS The Journal Editorial Report July 7, 2024

could make inflation worse. because of my economic plan, we are better positioned than any other major economy in the world to weather the challenges and come through this as a strong iser company. republicans win, inflation if s going to get worse. it s that simple. paul: let s bring in texas congressman kevin brady. welcome, congressman, appreciate your coming in. the president says lots of progress, but wait, look, you ve got the last three months it came down from 9% to 8 and something, now 8.2%, so three months in a row it s gone down, so isn t that progress? yeah, no, it really isn t. and this week we saw, as you know, a double dose of bad if news for families and main street businesses. obviously, wholesale prices are still very, very high, and we know at the end of the day those get passed down to consumers in the future. and, of course, core inflation now hit the highest level in joe biden s presidency. that s a full year after he declared inflation had pea ....

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FOXNEWS The Journal Editorial Report June 4, 2024 19:04:00

Has created this pickle that we re in. they re going to have to go higher in order to beat this expectation of inflation. you re seeing, you know, for example, you seeing these railroads contracts and other long-term union contracts, those pay raises are built in for the long term. they re going to have to break that expectation. and so while i don t know that they exactly understand what it s going to take on slowing economic growth, the unemployment rate they need to get to or what interest rate hay need to get to, clearly, they can t back off now or we will see even worse economic conditions long term. paul: some people are talking about let s say you win in november, that the lame duck session before you guys, the republicans, would start in january would include a tax trade-off. democrats want an an extension of the child tax credit, very expensive, as you know, in return for extending some of the r&d business tax credits. ....

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