So, it could be bad politically for Trump and congressional Republicans if inflation stays stubbornly high or even increases.

In the background: Consumer expectations about inflation are grinding higher, while market-based prices for Treasury Inflation-Protected Securities show the outlook for inflation 10 years from now ...

WASHINGTON (Reuters) -The U.S. Federal Reserve's seemingly locked-in path to a soft landing, already roiled by the arrival of the Trump administration, may be growing even more complicated as ...