Immediately after Biden "won" the election, all inflation, debt, and other metrics for "bad" launched up on new trajectories and haven't relented yet. Biden and his wokester ProgDems now polling under 39% approval and falling, not because of gas prices which have actually fallen a bit, but because they and their policies suck. Actual CPI to the real consumer is around 15%. Bloomberg 'alt-Misery' Index (combining the inflation rate and the percent of Americans not participating in the workforce). It is currently at 40 year highs of 'Misery'... This 'alt-Misery' Index dovetails strongly with The Fed's own survey findings today that "Perceptions about households' current financial situations compared to a year ago deteriorated in March, with more respondents reporting being financially worse off than they were a year ago. Respondents were also more pessimistic about their household's financial situation in the year ahead, with fewer resondents expecting their financial situation to improve a year from now." And bear in mind tomorrow is CPI day... and The White House has already warned of "extraordinarily elevated" March inflation (no doubt entirely due to Putin, of course). “Due to Putin’s Price Hike™️” 🙄 pic.twitter.com/yD9GY2p2ni — Ramp Capital (@RampCapitalLLC) April 11, 2022 And there's no need to worry, because as Chicago Fed president Charles Evans said today, "we will know a lot more about persistent inflation the end of the year" and (here's the best line), he is "hopeful it's receding..." So The Fed is now in the business of "hope"!