Inflation is closer to 3% year-over-year, not 2%, due to data collection issues from last October's government shutdown. It remains high for necessities like housing, child care, and medical care, but is not moving higher.

Not a fan of broad-based tariffs. Without tariffs and heavy-handed immigration policy, inflation would already be closer to the Fed's 2% target. Tariffs are a problem for both inflation and growth. Job creation has been effectively zero since April.