Kudlow Tells Hassett Inflation Number Was 'Lousy'

Kudlow tells Hassett inflation number was 'lousy'

Fox Business host Larry Kudlow on Tuesday told National Economic Council (NEC) Director Kevin Hassett that the rising annual inflation rate is "lousy" as the Trump administration seeks to defend its economic agenda. The consumer price index (CPI) rose 3.8 percent over the past 12 months and 0.6 percent in April alone, having previously hit...

Fox’s Larry Kudlow Tells Trump Official Inflation Numbers Are ‘Lousy’

Fox Business host Larry Kudlow asked the director of the National Economic Council for an explanation as to why inflation keeps dogging the economy and the Trump administration. The Consumer Price Index, a key measure of inflation, rose 3.8% in April from the year before. It was the largest jump since May 2023. Trump’s tariffs, as well as his decision to wage war on Iran, have created upward pressure on prices, especially oil, 20% of which flows…