After more than two years of being politically battered over soaring prices, Wednesday’s inflation report left many Democrats feeling victorious.
Congressional Democrats were also using the report to push the Fed to cut aggressively.
“Inflation is down,” Senator Martin Heinrich of New Mexico, the chairman of the Joint Economic Committee, said in a news release. “The price of gas or a new car have fallen over the last year. And many families can now breathe a bit easier. Now, we need to make sure that this relief is reaching all Americans.”
