Recession Temporarily Slows Inflation. Proper Action Needed Now.

The recent inflation pause is temporary. A tight Monetary Policy, a reduction in government spending, and supply-side tax cuts are needed now.

Inflation fell in July mostly because of the current recession in many of the world’s economies, including the U.S. and China, the world’s largest economies. The annual inflation rate fell from 9.1% to 8.5%. Many…