There is no deflation, that would be a sign of a failing economy. Best that can happen is prices stop rising and hold steady while wages catch up. The fed can encourage this by raising interest rates and cutting back currency supply, but that is the opposite of what the controlling party is pushing for.
How do you “deflate” this inflation safely? Are we stuck with $7 bags of chips and $6 gallon gas from here on out?
There is no deflation, that would be a sign of a failing economy. Best that can happen is prices stop rising and hold steady while wages catch up. The fed can encourage this by raising interest rates and cutting back currency supply, but that is the opposite of what the controlling party is pushing for.