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president biden said his policies are not to blame. i think our policies help not hurt. think about what they say the vast majority of the of the economists think this is going to be a really tough problem to solve but it is not because of spending. we brought down the deficit by. spring and kevin he s former chairman of the council of economic advisers under president trump and distinguished visiting fellow at the hoover institution. so kevin, welcome. the scout but was this is going to be the peak of inflation, how do you see it? yes, you and i ve talked about this before. one of the things i like to do is look at the more recent numbers instead of the change over the whole last year. because at the beginning of the year inflation was not so bad. the average, last three months of consumer price inflation and then annualize it right now is going up at 10% at an annual rate which is about what you and i i promised on your show a few months ago was going to hit. if ....
While participation so far. robert rubin would ve stayed adler talks with the economist adheres we needed about inflation, abortion is one of those divisive issues that for sure political people need to talk about them voters need to be concerned about. but economic official should go out solutions to inflation problem. not like crazy cockamamie ideas about how abortion stimulates the economy. i think it just shows they are really out of ideas they do not have a plan. and so therefore monetary policies going to fly solo monetary policies going to have to really, really push hard to get this inflation number back of the choose. paul: on that point the fed has, as you say just started it s not really tight yet it is just starting to do so. and it plans to, they say titan but look already what s happened in the market. the stocks, equities have taken a big hit. the crypto currency market is a blood bath. junk-bond markets are really in trouble, leveraged loans we don t know what s going ....