Economist at Wells Fargo. Former Senior Economist @JECRepublicans, Policy Director @AAF. MS in Applied Econ from @JohnsHopkins & @UF FL Gator. Views are mine.
Headline CPI also hides geographic variability in inflation. But @JECRepublicans State Inflation Tracker breaks it down. In July, 28 states (like Colorado and Utah) saw inflation costs rise and 22 states (like Massachusetts and Connecticut) saw costs fall. https://t.co/GbXjF4CA8H
Headline CPI showed no change in prices in July. That’s good news! The bad news is that a year and a half of high inflation has pushed prices well above where they should be & the avg family will have to pay an extra $8600 over the next year to afford it.
https://t.co/mdJkVI2ROt
Check out @JECRepublicans response to the Economic Report of the President. It's got analysis of everything from the labor market and inflation to family and community health. And of course, some pro-trade policy recommendations for good measure!
https://t.co/5sjoS8vaid
Today is a big day for @JECRepublicans! We launched our new monthly state inflation tracker, where you can find out how much more American families in each state are paying today for the same stuff they bought in January 2021. https://t.co/GbXjF4CA8H
Four years and almost $130 billion later, it is clear that the #tradewar isn't working for the American economy. Read about the burden #tariffs have placed on U.S. businesses, and why it is time for the #Biden administration to #EndTariffs: https://t.co/d9KJi20TbW
NEW: Marriage education programs are showing promising outcomes for improving family quality and stability. Read the report from @SenMikeLee@JECRepublicans:
My latest for @JECRepublicans- a deep dive into how #inflation is affecting different parts of the country and what's driving it. Inflation is high everywhere, but it's worst in the Mountain West and least-worst in the Northeast. My people in Florida aren't faring too well either
🚨TODAY: Tune in at 2:30pm EST for a Joint Economic Committee hearing on older workers. @AEI's @biggsag will testify on why a strong labor market with rising wages is the most effective way to create opportunities for older Americans.
Watch it here:
https://t.co/0cQhsVPG3j
Americans are facing skyrocketing energy prices 🔼🔼🔼 nearly 30% over the past year alone. Today, @SenMikeLee released a new JEC analysis on the rising #energy prices driving #inflation. Read it here ↓
Shipping delays, shortages, and rising prices are harming American families.
Reforming federal and local regulations at ports would help ease bottlenecks and prevent inflation from getting worse. 👇
Great new report by @JackieNBenson. A few key quotes (🧵):
"The United States ranks among the lowest in the world for port productivity... A significant difference between Asian ports with high productivity and U.S. ports with low productivity is their automated terminals" /1
In a new report out today, @JECRepublicans provide a way forward on supply chains.
And you know it's serious because it advocates repealing the Jones Act.
New from me @NRO
https://t.co/I9yeC7E4se
TLDR: automation would help; regulations set by city government make the problem worse; don't discourage truck driver employment; stop increasing the cost of steel and semiconductors and chassis with tariffs; the Jones Act and the Foreign Dredge Act should not be a thing.
🚨NEW: American families are facing shipping delays, supply shortages, and rising prices this Christmas. Today, @SenMikeLee and @JECRepublicans released a report on alleviating the supply chain crisis.
↓ Read it here ↓
Really smart @SenMikeLee bill to help improve the US supply chain situation, incl by relaxing the Jones Act & other regulations that are gumming up the works.
And the staffer who came up with the bill's name deserves a big raise. BIG. https://t.co/g4mggyX3N5