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While it has improved in the two years since as stiff interest rate increases by the Federal Reserve have brought inflation back to near the central bank's 2% target, sentiment remains well below ...
By 2023, inflation began to moderate, falling below 5% as supply chain bottlenecks eased, energy prices stabilized, and the effects of higher interest rates began to take hold. The pace of ...
The economy, stupid" is a phrase that was coined by James Carville in 1992. It is often quoted from a televised quip by Carville as "It’s the economy, stupid." Carville was a strategist in Bill Clinton's successful 1992 U.S. presidential election against incumbent George H. W. Bush. His phrase was directed at the campaign's workers and ...
Political enthusiasts will recall the 1992 Clinton presidential campaign’s watchword: “It’s the economy, stupid!”
It’s (Well, Was) the Inflation, Stupid. ... And its impact is cumulative: When the inflation rate flattens out, prices are still high. It takes a long time for expectations to reset. It’s ...
Democratic strategist James Carville, who coined the phrase “It’s the economy, stupid,” admitted his predictions for the 2024 race were wrong and that Democrats lost because of the economy.
Money illusion has been proposed as one reason why nominal prices are slow to change even where inflation has caused real prices to fall or costs to rise. Contracts and laws are not indexed to inflation as frequently as one would rationally expect. Social discourse, in formal media and more generally, reflects some confusion about real and ...
Critics, such as Ben Wright and Ruchir Sharma, have called the term "condescending".In a March 2024 article for The Daily Telegraph, Wright felt the explanation for the discrepancy between the United States' economic performance and Americans' perceptions of it was obvious: inflation, price increases, and that Americans were saving less and racking up more debt.