Trump Economic Team Says Inflation Won’t Fall Back to 2 Percent Unless Democrat Policies Change

Then-Director of the National Economic Council Larry Kudlow speaks at the CPAC convention in National Harbor, Md., on Feb. 28, 2020. Samira Bouaou/The Epoch Times

Economists Art Laffer and and Kevin Hassett spoke with fellow Trump administration economic team alum Larry Kudlow on Kudlow’s Fox Business program on July 15, over Sen. Joe Manchin (D-W.Va.) delaying President Joe Biden’s Build Back Better agenda until August.

The three former Trump economic advisors also believe that the United States is already in a recession and that inflation will not fall below 2 percent until Biden is out of office.