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Grocery Price Surges Are Relative Says New Trump Fed Official

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President Donald Trump’s new addition to the Federal Reserve’s Board of Governors, Stephen Miran, appeared to try to downplay the significant price increases Americans are seeing at grocery store checkout lines.

“Last month saw the biggest jump in grocery prices in almost three years,” NPR reported on Friday. “A survey this summer by The Associated Press and NORC found the cost of groceries has become a major source of stress for just over half of all Americans — outpacing rent, health care and student debt.”

Last week, Axios reported that grocery inflation is at the highest point “since 2022 as Trump tariffs pile up.”

“Virtually all major grocery categories are now more expensive than they were a year ago, some substantially so,” the news outlet reported. “Coffee is up 20.9% year-over-year, with a 3.1% monthly increase, per CPI. Uncooked beef steaks are up 16.6% year-over-year with a 3.3% monthly bump. While fruits and vegetable overall were up 2.3% year over year, apples rose 9.6% and bananas, 6.6%.”

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NPR also noted that despite “Trump’s promise to lower prices, the overall cost of groceries is higher now than when he was sworn in. The president’s crackdown on illegal immigration — including targeting people who pick and process our food — could add to upward pressure on prices. Trump’s tariffs are also contributing to higher prices for imported staples like bananas and coffee.”

Miran was asked about the price of bananas and coffee, specifically, on Friday during an interview with CNBC.

“But we are seeing prices move up for things like food at the grocery,” the host stated. “I mean, you can’t deny that the rising price of tomatoes or coffee or bananas, the things that we don’t grow here, are going up for consumers.”

Miran’s response: “Oh, there will always be relative price changes.”

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“Relative price changes” is an economic term having to do with supply and demand and other factors.

“There will always be relative price changes, but whether or not it’s inflation that’s macroeconomically significant of the type that monetary policy should respond to is a different question,” Miran concluded.

CNBC reported that Miran told the network “that he doesn’t anticipate President Donald Trump’s tariffs will cause inflation,” and that he “also said he believes Trump’s border policies will give rise to disinflation.”

READ MORE: ‘Massive Shift’: FCC Chair Says Local TV Will ‘Decide What the American People Think’

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Democrats’ Dissatisfaction With Democrats in Congress Has ‘Never Been Higher’: CNN Analyst

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The Democratic base is split on where they want the party to go — left, center, or stay put — but the majority can agree on their dissatisfaction with the party’s direction, says CNN analyst Harry Enten.

Fewer Democrats are currently satisfied with their party than they were after President Joe Biden’s debate performance that led to him dropping his reelection bid, Enten noted.

Democratic voters’ “pissedoffness” Enten added on social media, “has never been higher with their own party in Congress.”

“Okay, how upset are they in Congress?” he asked.

Noting that 46 percent currently are satisfied with the Democratic Party, Enten reiterated that the majority are dissatisfied.

Looking specifically at Democrats’ net approval of congressional Democrats, Enten explained that after the shutdown in October of last year, congressional Democrats had a net approval rating of plus 22 percent.

“Today, though, look at that,” he said, pointing to a net approval rating of minus 9 points.

“That is an over 30 point drop, at the climb, right into the ocean, right there,” he said.

“And I will note it had never been negative. Democrats had always had a positive net approval rating of their own party in Congress in every Congress before this one.”

“Congressional Democrats are underwater with their own party, and that’s why I think these primaries are going to be so interesting, because they’re going to tell us, okay, which way do Democrats want their party to go?”

He said the “big problem” is “Democrats aren’t sure what direction they want their party to go.”

Nearly three in ten (28 percent) want the party to move to the left, he said. Less than one in five (18 percent) want the party to not move at all. And nearly half — 47 percent — want the party to move to the center.

“This is a party divided, where they’re not actually giving a clear message of where they want their party to go,” he noted.

Offering a note of caution to lawmakers in primary races, Enten said that “if all of a sudden, Democrats are actually going to move to the left — which is not what their party wants — that will actually upset the rest of the electorate.”

Enten said the “only thing” that unites the Democratic base right now is “they are very upset with Donald Trump, and I think the candidates who are able to actually capture that, that’s the candidates who are going to advance to the general election.”

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‘Lingering Concerns’: Prominent Physician Wants Trump’s Doctor to Hold Press Conference

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A prominent physician is calling for President Donald Trump’s doctor to hold a press conference to answer questions over what he says are “lingering concerns” about the president’s health.

Dr. Jonathan Reiner, a professor of medicine and surgery at The George Washington University, and a CNN medical analyst, says that Trump’s recent seven-day absence from public view only served to heighten concerns.

Last week, Trump — who is quickly approaching his 80th birthday — had his third annual checkup in 13 months, the fourth of his second term in office. He appeared in a televised Cabinet meeting last Wednesday, and then was not seen again until appearing in a podcast that was published Wednesday morning.

“I do physicals, because I just want, I think I have an obligation to do it, but I just came out with very, very good results, and I took a test, a cognitive test, and I got 100% on it. I got, as the expression goes, I aced it,” Trump said in the podcast.

“With lingering concerns following the president’s recent physical exam, and the president’s prolonged absence from the public eye, the White House should make available the president’s physician to answer questions from the press,” Dr. Reiner wrote.

Trump exacerbated those concerns when he appeared in the New York Post’s Pod Force One podcast with what appeared to be a swollen right eye and his recurring swollen hand.

The White House Physician to the President, Captain Sean Barbabella, released notes from the president’s checkup that left many questions, critics say, including why the White House waited three days to release the memo.

Speaking about the delayed results, Dr. Reiner told CNN, “the only reason not to release a rosy report right away is that maybe it’s not so rosy, or this is some information you don’t want the public to hear.”

“I’ve read this report multiple times, and every time I read it, it actually seems to be thinner and thinner,” Reiner noted. “And I’m actually not sure what testing the president underwent last week.”

Reiner added that there were very few tests disclosed in Dr. Barbabella’s memo, “and what was confusing, to, you know, many of the physicians who reviewed these reports, is that it appeared that the president had underwent repeat testing, and I’m not sure that’s true.”

“But the president was at Walter Reed for three hours, so what actually was conducted there?” he asked.

He also noted that Barbabella’s report indicated the list of medications the president is taking “was shortened or abbreviated for readability and relevance.”

“I’m not sure what readability means,” Reiner added, “but every medication the president is taking is relevant, and they only released two cholesterol medicines and aspirin.”

 

Image via Reuters 

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Trump Resurfaces With a New Medical Malady He Can’t Hide

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President Donald Trump, who had not been seen in public for a week, appeared on a podcast with a new malady: an apparently swollen right eye — along with a recurring swollen hand.

“Trump’s right eye clearly showed puffiness and looked oddly misshapen compared to his left eye, while his right hand looked much bigger than his left,” The New Republic reported, noting the president “continues to dodge questions about his health.”

The interview with Pod Force One was taped on Tuesday, a week after Trump’s third medical checkup in 13 months, and the fourth of his second term. He told Miranda Devine, “I do physicals, because I just want, I think I have an obligation to do it, but I just came out with very, very good results, and I took a test, a cognitive test, and I got 100% on it. I got, as the expression goes, I aced it.”

He went on to say he has a “great memory.”

Trump, who’s quickly approaching his 80th birthday, is facing heightened scrutiny over the state of his health. The White House took several days to release doctor’s notes from his physical last week, adding to questions about his overall health.

The New Republic noted that “it’s very difficult to dispute what people can see with their own eyes, and the president’s outward physical appearance coupled with his tendency to fall asleep on camera don’t inspire confidence in his health.”

On Sunday, Axios reported that the White House physician’s health readout left “key blanks unfilled.”

The “memo from White House physician Sean Barbabella didn’t put to rest persistent questions about apparent bruising on Trump’s hands, swollen ankles and his alertness during some public events.” It “again attributed the bruising of his hands to frequent handshaking and aspirin therapy and noted ‘slight lower leg swelling’ it characterized as improved from last year.”

Bob Wachter, chair of the Department of Medicine at the University of California, San Francisco, told Axios, “I think it’s quite unusual for someone … who doesn’t have chronic problems that require more frequent monitoring to come in more often than every year.”

 

 

 

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