Impact of Stimulus Spending on Inflation and Interest Rates

Minneapolis Federal Reserve Bank President Neel Kashkari believes stimulus spending contributes to high inflation and complicates the decision-making process regarding interest rates. He emphasizes the need to be patient and rely on data to determine the best course of action.

President Joe Biden's Claim on Federal Deficit Reduction

President Joe Biden claimed to have cut the federal deficit by over one trillion dollars during his State of the Union address, but this statement is misleading as it only considers his deficit cut against his own deficit spending.