Receipts Live: Diesel Prices Soar to $6 a Gallon, Inflation Outpaces Wages
Catherine Rampell and JVL break down the latest inflation numbers and why the Trump administration is desperately trying to convince Americans that rising prices are actually good news. Inflation hit 3.4% in August, real wages are falling behind, consumer confidence is sinking, and diesel prices have crossed $6 a gallon for the first time.
They also give their takes on the looming fight between Trump and the Federal Reserve, as Kevin Warsh faces a potentially impossible choice between doing what the economy requires and doing what Trump wants.
Plus, they take a closer look at Trump’s promise…
The skinny
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