Is inflation Biden’s or Trump’s fault? The respond to just isn’t so simple, economists say

Is inflation Biden’s or Trump’s fault? The respond to just isn’t so simple, economists say


Key Points
  • President Biden and previous President Trump traded barbs about the U.S. economic system throughout their very first presidential debate.
  • Trump mentioned Biden brought on superior pandemic-era inflation, which surged right following he took business.
  • Neither Biden nor Trump are to blame for substantially of the inflation, having said that, economists reported.
  • The Covid-19 pandemic, Russia’s war in Ukraine and Federal Reserve plan mishaps were further than their handle.
  • Nevertheless, some of their guidelines probable played a job, way too.



Supply

Berkshire Hathaway operating earnings dip 4% as conglomerate braces for tariff impact
Finance

Berkshire Hathaway operating earnings dip 4% as conglomerate braces for tariff impact

In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 3, 2025. CNBC Berkshire Hathaway on Saturday reported a small decline in second-quarter operating earnings as Warren Buffett’s conglomerate warns of negative impacts from steep U.S. tariffs. Berkshire’s operating profit […]

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‘The eye of the hurricane’: Why the U.S. job market has soured, economists say
Finance

‘The eye of the hurricane’: Why the U.S. job market has soured, economists say

Key Points The July 2025 jobs report suggests a sharper slowdown in U.S. job growth than previously thought, economists said. President Donald Trump’s tariff policy is among the economic headwinds contributing to slower job creation and hiring, economists said. Immigration policy and relatively high interest rates are other factors, they said. Job seekers face a […]

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BlackRock’s Rick Rieder says a half-point rate cut by the Fed in September is possible
Finance

BlackRock’s Rick Rieder says a half-point rate cut by the Fed in September is possible

Rick Rieder, BlackRock’s chief investment officer for global fixed income, said July’s dismal jobs report opened the door for a jumbo rate cut from the Federal Reserve next month. “We would argue that the evidence the Fed needed in order to justify a cut in September has arrived in today’s report,” Rieder said in a […]

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