PHOTOS: As President Biden Visits New Hampshire, DNC Mobile Billboard Highlights Benefits of Bipartisan Infrastructure Deal

16 Nov

Today, ahead of President Biden’s visit to Woodstock, New Hampshire, the DNC welcomed him with a mobile billboard highlighting his once-in-a-generation Bipartisan Infrastructure Deal and what it means for Granite Staters. 

“President Biden promised that he would roll up his sleeves and get to work for the American people, and that’s exactly what he’s doing,” said DNC spokesperson Cassidy Geoghegan. “With the Bipartisan Infrastructure Deal, communities across New Hampshire will be healthier, better connected, and poised to help us continue leading on the world stage. Democrats, including Senators Maggie Hassan and Jeanne Shaheen, are delivering — and we are making sure that the American people know it.”

In less than 10 months, President Biden and New Hampshire Democrats delivered a historic infrastructure deal that Donald Trump tried and failed to achieve for four years. It is a historic investment that will create good-paying jobs, grow our economy, modernize and shore up critical supply chains, ensure every American has access to affordable high-speed internet, and deliver safe drinking water for our children and families. 

The mobile billboard is part of the DNC’s ongoing efforts to make sure every American knows that when it mattered most, President Biden and Democrats stepped up and delivered results. 
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NEW VIDEO: DNC War Room Highlights Historic Signing of Bipartisan Infrastructure Deal

16 Nov

Yesterday, President Biden and Vice President Harris celebrated the historic passage of the Bipartisan Infrastructure Deal. Today, the DNC War Room released a new video highlighting the impact the legislation will have in battleground states nationwide. President Biden, Vice President Harris, and Democrats are keeping their promises and delivering for hardworking Americans.

WATCH HERE

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Ahead of President Biden Signing Infrastructure Deal, Local News Outlets Highlight Investments Headed to Their Communities

16 Nov

Ahead of President Biden signing the Bipartisan Infrastructure Deal into law today, local news outlets across the country are out with yet another round of reporting on how President Biden’s Bipartisan Infrastructure Deal will invest in communities across the country. From expanding broadband access to rural Florida, to improving Lake Pontchartrain Basin’s water quality in Louisiana, to improving Pennsylvania’s heavily-trafficked highways and bridges, President Biden’s bipartisan infrastructure package will deliver crucial infrastructure investments, create good-paying jobs, and restore American competitiveness. 

Here’s a look at what voters across the country are reading about how the Bipartisan Infrastructure Deal will deliver for their communities and improve their lives: 

In the South:

In the Midwest:

In the West:

In the Northeast:

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Reviews Are In: President Biden Fulfills Campaign Promise, Signs Historic Bipartisan Infrastructure Bill Into Law

16 Nov

Today, surrounded by a bipartisan group of legislators from across the country, President Biden signed the Bipartisan Infrastructure Bill into law. This historic legislation fulfills President Biden and Vice President Harris’s campaign promises to invest in our nation’s infrastructure, create jobs, and work across the aisle to make progress for working families. 

President Biden secured a “major legislative victory” by signing the Bipartisan Infrastructure Bill into law today.

CNN: “President Joe Biden on Monday signed into law a $1.2 trillion bipartisan infrastructure package and marked the major legislative victory at a White House event with lawmakers from both parties.”

USA Today: “President Joe Biden on Monday signed into law a sweeping bipartisan infrastructure package, completing the most significant legislative victory of his presidency and the largest investment in the country’s infrastructure in decades.”

USA Today: “It marks a rare bipartisan win in Washington after years of inaction to address America’s aging infrastructure.”

Joe Scarborough: “A huge win for Biden politically, for members of Congress who voted for it, and every American. America’s infrastructure is lousy. This will make it better.” 

ABC News: “Biden was joined by a bipartisan group for the $1.2 trillion infrastructure bill signing at a White House ceremony — marking a major victory for lawmakers from both parties who committed to working in a bipartisan way and even more so for Biden, who campaigned on a promise to work across the aisle.”

President Biden “delivered on a key campaign promise” to work across the aisle and get things done for the American people.

Washington Post: “Biden signs $1.2 trillion infrastructure bill, fulfilling campaign promise and notching achievement that eluded Trump”

Newsweek: “President Joe Biden delivered on a key campaign promise Monday, signing the $1.2 trillion bipartisan infrastructure package into law after months of congressional negotiations.”

CBS News: “President Biden signed his $1.2 trillion infrastructure bill into law on Monday, delivering on a major campaign promise that aims to revitalize the nation’s roads, bridges, waterways and public transit.”

Los Angeles Times: “Touting the legislation as a job creator, the president said it was also an example of him fulfilling a campaign promise to reach across the aisle to get things done.”

NPR: “The White House event, in front of some 800 guests, including members of Congress, governors and state and local officials from both sides of the aisle, as well as labor and business leaders, saw the president deliver on two key campaign promises — his vow to broker legislation that could get support from both Republicans and Democrats and his pledge to get major legislation to provide badly needed money for public works projects that his predecessors from both parties tried repeatedly to move, but failed to deliver.”

The Bipartisan Infrastructure Deal is a “historic achievement” and is “the most important step in a generation” toward upgrading our infrastructure.

The Seattle Times: “The $1 trillion infrastructure bill that President Joe Biden signs into law represents a historic achievement at a time of deeply fractured politics.” 

New York Times: “President Biden signed the sweeping $1 trillion infrastructure bill on Monday, the most important step in a generation toward upgrading the nation’s roads, ports, rails, pipes, power lines, broadband cables and more.”

Wall Street Journal: “The legislation, the largest federal investment in infrastructure in more than a decade, is a central component of Mr. Biden’s domestic-policy agenda and marks a rare bipartisan policy win for the White House.”

CNN: “The bill’s passage marked a major bipartisan win for Biden and represents the largest single infrastructure investment in American history.”

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DNC Statement on President Biden Signing the Bipartisan Infrastructure Deal

16 Nov

Following President Biden’s signing of the Bipartisan Infrastructure Deal, DNC Chair Jaime Harrison released the following statement:

“Today is a major turning point for hardworking families all across the country, as President Biden and Vice President Harris delivered on their promise to work across the aisle to make a historic investment in our nation’s infrastructure. Thanks to President Biden’s leadership, Americans across the country can finally celebrate Infrastructure Week for real, after it became a running joke under the Trump administration.

“The Bipartisan Infrastructure Deal will rebuild our roads and bridges, expand broadband so every American has access to high-speed internet, and secure clean drinking water for our families and children. It will create good-paying jobs, grow the economy, strengthen supply chains, reduce inflationary pressures, and restore American competitiveness on the world stage. Simply put, it’s a BFD.

“This bill is for the children in rural communities forced to do their homework in the McDonald’s parking lot because they don’t have WiFi. It’s for families who have to boil their water in order to safely drink it. This bill is for those who rely on rail to get back and forth to work. This bill is for Americans who care about our climate. And yes, this bill is for the elderly man I met years ago in rural South Carolina, who just wanted his damn dirt road paved. We’re going to pave a whole lot of roads and help a whole lot of Americans with this historic legislation.

“The signing of the Bipartisan Infrastructure Deal will make a huge difference for Americans across the country, from rural communities to major cities, no matter their background or income. The Democratic Party will continue to remind voters that it was made possible by President Biden, Vice President Harris, and Democrats who never gave up the fight, and will hold Republicans who inevitably try to take credit after voting no on this historic legislation accountable.”

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PHOTOS: DNC Celebrates President Biden Signing the Bipartisan Infrastructure Deal With Projection in Washington, D.C.

15 Nov

This evening, the DNC celebrated President Biden signing his historic Bipartisan Infrastructure Deal into law with a projection in Washington, D.C. Appearing on the AFL-CIO building, the projection highlighted how the investment will grow our economy and deliver for American workers and families.

Thanks to the leadership of President Biden, Vice President Harris and Democrats, infrastructure week is finally here. In less than 10 months, President Biden did what Donald Trump failed to do in four years — secured a historic, bipartisan investment in our nation’s infrastructure that will create good-paying jobs, shore up our supply chains, expand high-speed internet access, and give the American people a little bit of breathing room. As President Biden might say, it’s a BFD. 

The projection is part of the DNC’s ongoing efforts to make sure every American knows that when it mattered most, President Biden and Democrats stepped up and delivered results.
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Vice President Harris Reasserts American Leadership on the World Stage

12 Nov
This week, Vice President Harris once again stepped up and delivered on the Biden-Harris administration’s promise to reestablish America’s leadership on the world stage. In Paris, Vice President Harris displayed strong, committed leadership, strengthened our transatlantic relationships, announced new agreements that will benefit Americans and our allies around the world, and proved that America is truly back. 

During her third foreign trip, Vice President Harris displayed real leadership and fulfilled the Biden-Harris administration’s promise to reestablish America’s role as a global leader.

Los Angeles Times: “On trip to France, Kamala Harris is introducing herself to the world in personal terms”

Bloomberg: “Kamala Harris Courts Bigger Role on Global Stage With Visit to France”

Los Angeles Times: “She began a five-day trip here by declaring ‘the best kind of work’ happens with ‘scientists from around the world coming together.’ Her tour of the Institut Pasteur science lab Tuesday, where Americans are working alongside Europeans to tackle COVID-19 and where her Indian-born mother researched breast cancer, was one of several events aimed at drawing a contrast with Trump’s ‘America First’ agenda.”

In Paris, Vice President Harris held a bilateral meeting with French President Emmanuel Macron and strengthened one of our oldest and closest alliances.

CNN: “Vice President Kamala Harris and French President Emmanuel Macron said Wednesday they look forward to closer US-French cooperation as they sat down for a bilateral meeting at the Elysée Palace aimed at revitalizing US-French ties.”

Washington Post: “Harris’s trip is full of symbolism that seeks to reinforce the shared struggles that both countries have endured, and the shared values they hope will help shape the 21st century.”

The Hill: “At the start of their meeting, Macron greeted Harris warmly, telling the vice president that the ‘French people are extremely proud to have you today.’ Macron described the global effort as entering a ‘new era’ and said cooperation between the U.S. and France is ‘absolutely critical.’”

Vice President Harris also forged agreements and announced the U.S. is engaging in new cybersecurity and climate partnerships that will benefit Americans and our allies. 

New York Times: “Vice President Kamala Harris announced on Wednesday that the United States had joined a French-led international initiative to protect civilians against cyberattacks and discourage digital meddling in elections, three years after the Trump administration declined to sign onto the effort.”

The Hill: “Harris, who chairs the National Space Council, also announced that the U.S. would join the Space Climate Observatory, an international initiative of space agencies and organizations that focuses on the impact of climate change.”
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IN THE STATES: Democrats Go All Out Touting Benefits of President Biden’s Bipartisan Infrastructure Deal

12 Nov
This week, Democrats and state parties barnstormed the country to tout the benefits of President Biden’s Bipartisan Infrastructure Deal. This historic investment in our nation’s infrastructure will create good-paying jobs by rebuilding our roads and bridges, expanding broadband so every American has access to high-speed internet, and securing clean drinking water for our families and children. Democrats are making sure that voters across the country know that they will be healthier, better connected, and poised to win the competition for the 21st century because of President Biden and Democrats. 

Here’s what Americans across the country were reading during infrastructure week: The Hill: Democrats start blitz to sell infrastructure

Democrats across the country touted the passage of the Bipartisan Infrastructure Deal:
In Maryland: WGAL: President Joe Biden speaks in Baltimore about how infrastructure plan will strengthen supply chains
In Pennsylvania: Pennsylvania Capital-Star: ‘A generational investment’: Pa’s Congressional Dems tout infrastructure bill’s benefits back home
In Georgia: Atlanta Journal-Constitution: Georgia Democrats applaud House passage of infrastructure bill Republicans opposed
In Wisconsin: CBS58: Wisconsin leaders talk impact of infrastructure bill passing
In Illinois: WMBD: ‘This is the biggest investment in our infrastructure since the Eisenhower administration,’ Illinois lawmakers react to infrastructure bill
In Oregon: Oregon Capital Chronicle: Democrats in Oregon delegation applaud infrastructure passage, lone Republican silent
In California: Lake County News: Lake County’s members of Congress vote to pass national infrastructure bill
In Colorado: The Denver Channel: “Let’s fix the roads”: Colorado leaders hail passage of infrastructure bill
In Vermont: Vermont Business Magazine: ​Leahy: Bipartisan infrastructure bill will yield wide benefits across Vermont
In New York: WKBW: Sen. Schumer details how the infrastructure bill will impact New York State

Local news outlets detailed what is in the infrastructure bill for their communities: 
In Texas: KAMC: Texas set to get around $30 billion from new infrastructure bill
In Texas: KIII: South Texas makes waves: What local representatives gain from the $1 trillion infrastructure bill
In Georgia: The Augusta Chronicle: Federal infrastructure deal to provide $225 million for repairing bridges across Georgia
In Georgia: Georgia Recorder: Easing of supply chain jam to start with Savannah seaport, White House says
In North Carolina: CBS17: NC set to receive billions for roads, bridges, high-speed internet access as part of Biden’s infrastructure bill
In North Carolina: WITN: NCDOT prepares for future projects as infrastructure bill heads to Biden’s desk
In North Carolina: The News & Observer: NC commuter rail, infrastructure projects pick up speed with Congress passing bill
In North Carolina: Indy Week: From RTP to Eastern N.C., President Biden’s Infrastructure Deal is a Game Changer for the State
In North Carolina: WRAL: Plenty of NC projects to benefit from infrastructure package
In Florida: Miami Herald: Billions of dollars coming to Florida once Biden’s infrastructure bill becomes law
In Florida: WPBF: Bipartisan infrastructure bill’s expected impact in Florida
In Mississippi: Mississippi Today: Mississippi will get $4.4 billion from federal infrastructure package. Here’s how it can be spent
In West Virginia: West Virginia MetroNews: Billions of infrastructure investment now coming to West Virginia, Manchin says
In Louisiana: Lafayette Daily Advertiser: What’s Louisiana’s share of the $1.2 trillion infrastructure bill? Billions
In Michigan: Bridge Michigan: How the $1.2-trillion Biden infrastructure bill will be spent in Michigan
In Michigan: WILX: Michigan to receive $100 million for broadband internet expansion
In Michigan: MLive: Infrastructure bill would send more than $10 billion to Michigan
In Minnesota: Minnesota Reformer: ‘Infrastructure week is finally here’ in Minnesota, led by $4.5 billion for roads
In Wisconsin: Midwest Farm Report: Infrastructure Deal Positive For Wisconsin 
In Minnesota: MPR News: Infrastructure bill will send billions to Minnesota
In South Dakota: KELO: Trillion dollar package means millions for South Dakota’s roads, bridges
In Iowa: KCRG: Infrastructure bill brings Iowa millions for roads, bridges and broadband
In Illinois: Chicago Sun-Times: Illinois to get at least $17 billion from the Biden infrastructure bill; could be more
In Kansas: KWCH: What the infrastructure bill means for Kansans
In Minnesota: KSTP: What experts say $100 million in broadband funding will do for Minnesota
In Montana: KTVH: Infrastructure bill boosts regional effort to restore passenger rail to southern MT
In Washington: The Spokesman-Review: Congress sending billions to fix roads and bridges in Washington, Idaho through infrastructure bill
In Idaho: Post Register: Infrastructure deal expected to fund over $3 billion to Idaho essential services
In Arizona: Arizona Public Radio: What does Arizona get out of the infrastructure bill? 
In Arizona: Patch: What Arizona Can Expect From $1T Infrastructure Bill 
In Colorado: CPR News: Colorado is getting around $1 billion from the federal infrastructure bill for transportation projects
In Colorado: CBS Denver: Federal Infrastructure Package To Create ‘Less Congestion, More Safety’ For Colorado
In Montana: Great Falls Tribune: Here’s what the $1.2 trillion infrastructure bill means for tribes in Montana
In New Hampshire: Portsmouth Herald: Seacoast water projects flush with cash from $1 trillion infrastructure bill
In New Hampshire: WMUR: Rural broadband access to increase under infrastructure bill
In New Hampshire: The New Hampshire Union Leader: Infrastructure bill could send well over $1.5B to NH for roads, internet and water cleanup
In Massachusetts: The Daily News: Federal windfall could fix sewer systems
In Maine: The Portland Press Herald: Maine expects nearly $2.4 billion from Biden infrastructure package
In Pennsylvania: The Morning Call: Here’s how Biden’s $1.2 trillion infrastructure bill will impact Pennsylvania and the Lehigh Valley
In Massachusetts: The Center Square: Massachusetts to receive $4.2 billion from infrastructure bill
In New York: New York Daily News: Big bucks headed to NY after Congress passes Biden infrastructure bill
In Vermont: Burlington Free Press: Here’s what the new infrastructure bill would mean for Vermont

Local leaders and editorial boards praised Democrats for leading on getting this historic legislation across the finish line:
In Pennsylvania: Lancaster Farming: Ag Groups Largely Positive on Infrastructure Bill
In Pennsylvania: Pittsburgh Post-Gazette: Editorial: Infrastructure measure is good for Pennsylvania
In Kentucky: WDRB: Louisville business leaders commend passing of bipartisan infrastructure deal
In Oklahoma: Fox25: Oklahoma City Mayor reacts to infrastructure bill passage
In Oklahoma: The Oklahoman: Holt hails bill expected to provide more than $5 billion for Oklahoma
In Ohio: WTOV: Local leaders excited about prospects after infrastructure bill passed
In Ohio: The Blade (Toledo): Editorial: Infrastructure bill is on road to helping Ohioans 
In Indiana: Fox59: Indiana Chamber of Commerce says infrastructure bill will benefit Hoosier businesses
In Nevada: Las Vegas Sun: Editorial: Bipartisan infrastructure bill’s passage is a victory for Nevadans

Lastly, local news outlets and editorial boards held out-of-touch Republicans accountable for voting against this legislation that will improve their communities and help their constituents:
In Texas: KERA News: Texas could get billions from the infrastructure bill, yet all Texas Republicans voted against it
In North Carolina: The News & Observer: Editorial Board: The lame excuses NC Republicans had for opposing the infrastructure bill
In Florida: ABC News 4 (WPEC): Scott invested in infrastructure as Florida governor, but voted no on bipartisan bill
In Tennessee: The Chattanooga Times Free Press: Opinion: Beware of our GOP politicians’ about-face on Tennessee, Georgia infrastructure gains
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LO QUE ESTÁN DICIENDO: Las noticias nacionales y locales en español, a lo largo y ancho de Estados Unidos, continúan destacando el Acuerdo de Infraestructura del presidente Biden y los Demócratas

12 Nov
En todo el país, los medios de comunicación en español nacionales y locales continúan reportando cuán transformador será el Acuerdo Bipartidista de Infraestructura del presidente Biden para las comunidades de todo el país. Desde arreglar nuestras carreteras y puentes, expandir el acceso a Internet de alta velocidad, asegurar agua potable, crear empleos bien remunerados y mucho más, la Ley de infraestructura del presidente Biden restaurará la competitividad estadounidense y hará crecer la economía. El presidente Biden y los demócratas cumplen con la gente y logran resultados para ellos. 

Aquí puede echar un vistazo a lo que los votantes de habla hispana, de todo el país, están leyendo sobre cómo el Acuerdo Bipartidista de Infraestructura brindará beneficios a sus comunidades y mejorará sus vidas:

Nacional:
EFELíderes latinos aplauden aprobación proyecto de infraestructura
El Tiempo LatinoLos latinos apoyan el plan de infraestructura de Biden. Estas son sus razones:
UnivisiónBiden asegura que el plan de infraestructura reconstruirá el país con mano de obra de la clase trabajadora
VOA: Biden planea ceremonia para firmar su proyecto de infraestructura
CNN en EspañolLa ley de infraestructura generará empleos muy pronto
Impacto LatinoBiden firmará el lunes la ley de Infraestructura en una gran ceremonia

En el Sur: En Florida: El Nuevo Herald: Miles de millones llegarán a la Florida cuando se apruebe ley de infraestructura de Biden
En Florida: El Diario las Américas: Miles de millones de dólares están camino a Florida
En Carolina del Norte: Que pasa media: 9 mil millones de dólares recibirá NC del proyecto de infraestructura de Biden
En Carolina del Norte: Progreso Hispano: Se destinarán millones de dólares del paquete de infraestructura para NC
En Carolina del Sur: La Noticia: Victoria demócrata: Lo que significa la aprobación del paquete de infraestructura
En Georgia: Mundo Hispánico: Victoria para Biden: Aprueban proyecto de infraestructura de $1 billón
En Georgia: La Visión: Biden celebra la aprobación del proyecto de ley de infraestructura

En el Noreste:
En Virginia: Hispanos de Valor: El nuevo proyecto de ley de infraestructura podría ayudar a las vías fluviales de Hampton Roads
En Washington, DC: Telemundo Washington, DC: Paquete de infraestructura: cómo beneficiaría al área de Washington
En Maryland: Es De Latinos: El proyecto de ley de infraestructura realiza la primera inversión importante de EE. UU. En resiliencia climática
En Connecticut: El Sol News: Connecticut recibirá 6 mil millones de dólares para proyectos de Infraestructura
En Nueva York: NY1 Noticias ¿Cómo beneficiará a Nueva York la Ley de Infraestructura?
En Nueva York: El Diario NY: 3 formas en que latinos serán beneficiados con la ley de infraestructura de Biden de $1.2 billones
En Pensilvania: Univision Filadelfia: Así es como Filadelfia se beneficiara con la Ley de Infraestructura
En Pensilvania: Latino News: Biden se anota una victoria con la aprobación de su ambicioso plan de infraestructura

En el Oeste:
En Arizona: Diario Noticias: Puerto Fronterizo San Luis I tendrá nuevo rostro.
En California: Univision California: ¿Cómo beneficiará la Ley de Infraestructura a California?
En California: La Opinión: El presidente Biden firmará el próximo lunes la ley de infraestructura
Sobre Hawai: Notiulti: Hawai recibirá miles de millones en fondos federales de la Ley de Infraestructura
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ICYMI: New York Times Op-Ed: History Says Don’t Panic About Inflation

12 Nov
Key Point: “On the plus side, jobs have rarely been this plentiful for those who want them. And contrary to the cliché, current inflation isn’t falling most heavily on the poor: Wage increases have been especially rapid for the lowest-paid workers… So yes, that was an ugly inflation report, and we hope that future reports will look better. But people making knee-jerk comparisons with the 1970s and screaming about stagflation are looking at the wrong history. When you look at the right history, it tells you not to panic.”

New York Times Op-Ed: History Says Don’t Panic About Inflation
By Paul Krugman
November 11, 2021


Back in July the White House’s Council of Economic Advisers posted a thoughtful article to its blog titled, “Historical Parallels to Today’s Inflationary Episode.” The article looked at six surges in inflation since World War II and argued persuasively that current events don’t look anything like the 1970s. Instead, the closest parallel to 2021’s inflation is the first of these surges, the price spike from 1946 to 1948.

[…]

One caveat to this story is that overall demand in the United States actually doesn’t look all that high; real gross domestic product, which is equal to real spending on U.S.-produced goods and services, is still about 2 percent below what we would have expected the economy’s capacity to be if the pandemic hadn’t happened. But demand has been skewed, with consumers buying fewer services but more goods than before, putting a strain on ports, trucking, warehouses and more. These supply-chain issues have been exacerbated by the global shortage of semiconductor chips, together with the Great Resignation — the reluctance of many workers to return to their old jobs. So we’re having an inflation spurt.

On the plus side, jobs have rarely been this plentiful for those who want them. And contrary to the cliché, current inflation isn’t falling most heavily on the poor: Wage increases have been especially rapid for the lowest-paid workers.

So what can 1946-48 teach us about inflation in 2021? Then as now there was a surge in consumer spending, as families rushed to buy the goods that had been unavailable in wartime. Then as now it took time for the economy to adjust to a big shift in demand — in the 1940s, the shift from military to civilian needs. Then as now the result was inflation, which in 1947 topped out at almost 20 percent. Nor was this inflation restricted to food and energy; wage growth in manufacturing, which was much more representative of the economy as a whole in 1947 than it is now, peaked at 22 percent.

But the inflation didn’t last. It didn’t end immediately: Prices kept rising rapidly for well over a year. Over the course of 1948, however, inflation plunged, and by 1949 it had turned into brief deflation.

What, then, does history teach us about the current inflation spike? One lesson is that brief episodes of overheating don’t necessarily lead to 1970s-type stagflation — 1946-48 didn’t cause long-term inflation, and neither did the other episodes that most resemble where we are now, World War I and the Korean War. And we really should have some patience: Given what happened in the 1940s, pronouncements that inflation can’t be transitory because it has persisted for a number of months are just silly.

Oh, and for what it’s worth, the bond market is in effect predicting a temporary bump in inflation, not a permanent rise. Yields on inflation-protected bonds maturing over the next couple of years are strongly negative, implying that investors expect rapid price rises in the near term. But longer-term market expectations of inflation have remained stable.

[…]

So yes, that was an ugly inflation report, and we hope that future reports will look better. But people making knee-jerk comparisons with the 1970s and screaming about stagflation are looking at the wrong history. When you look at the right history, it tells you not to panic.

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