The recent US election that carried Donald Trump back to the White House with a strong mandate underlines a point that was perhaps forgotten by political leaders in many rich countries over a long era of stable prices: Inflation matters. The costs of inflation are mostly analysed in terms of whether prices are rising faster than nominal wages, or whether …
WASHINGTON — Rising gas prices pose a fresh election year challenge for President Joe Biden. In announcing a ban on U.S. imports of Russian oil on Tuesday, Biden was blunt in warning that while the move would hurt Putin, “there will be a cost as well here in the United States.” He sought to avoid being blamed for that by …
