Fed chair Powell wants to ‘get back’ to Trump economic era and we agree: ANDY PUZDER and JIM TALENT

Andy Puzder is a former CEO of CKE Restaurants, chairman of 2ndVote Value Investments, Inc., and a senior fellow at the America First Policy Institute. 

Jim Talent is a former U.S. senator from Missouri and the Chairman of the Reagan Institute’s National Leadership Council 

‘The labor market we had before the pandemic… that’s what we want to get back to.’

So said Federal Reserve Bank Chairman Jerome Powell last week following his announcement that the Fed is raising its benchmark interest rates three-quarters of a percentage point – the most aggressive hike in 28 years.

With inflation surging, it’s little wonder he’s nostalgic for a time when inflation was low, unemployment was at historic lows, labor participation was increasing, and real wages were increasing faster than inflation.