Steve Moore, economist, discusses the effects that inflation is playing into the economy currently, saying ‘Americans are really feeling pinched and squeezed by this inflation’, on one hand ‘our GDP is strong’ but that when you have inflation at 6% this counteracts the 4% ‘wage gains’ the Biden Administration is flaunting, which means that ‘paychecks are actually shrinking’.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.