Jerome H. Powell, the chair of the Federal Reserve, stated that the economy is in a "very good place" with inflation declining and the labor market rebounding, highlighting the central bank’s cautious approach towards interest rates.
Ken Griffin argued that the inflation crisis is largely a result of actions taken by the Biden administration, claiming it has placed the country on an unprecedented inflationary path that Mr. Powell is now trying to resolve.
Former President Bill Clinton noted that inflation is a critical issue leading to Mr. Trump's potential return to the White House, stating that the average person hasn’t faced these economic challenges for 40 years.
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