A tale of two economies: How America's cost-of-living crisis is shaping US midterm elections
The economy is the number one issue for most American voters, as they worry about high food and energy costs. But can the results of November's midterm elections really impact the cost-of-living crisis? "There isn't a ton that anyone can do about it, regardless of who wins the midterms," says Greg Ip, chief economics commentator at The Wall Street Journal.
"They can't stop the war in Iran, because that is the purview of the president (...) To the extent that tariffs are one of the sources of inflation that people are unhappy about, simply changing control of Congress doesn't affect that."
Ip…
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