Steve Moore warns stubborn inflation could complicate Fed rate decision - WZTV

The latest inflation report is putting renewed attention on the Federal Reserve's next interest rate decision as Americans continue facing elevated prices for gasoline, groceries and other everyday necessities just weeks before the midterm elections. The new inflation figures are expected to help determine whether the central bank moves toward lower interest rates later this month or holds steady while waiting for stronger evidence that price pressures are easing. Former Trump White House economic adviser Steve Moore joined The National News Desk to discuss the inflation outlook, the potential economic implications of the upcoming elections, renewed calls for Medicare for All and proposals to simplify the federal tax code.