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LARRY KUDLOW: Ironically, Trump at Beijing plans the final blows to finish off the scourge of Iran
April was a bad month for inflation. No doubt about it. Both the consumer price index and the producer price index ran hotter than expected. There’s a lot of hand-wringing among the legacy press and the Democratic party. Yet financial markets, which are smarter than the lefty press and the Democrats, hardly reacted to it at all. The S&P 500 and the Nasdaq hit new record highs. The Dow Jones was basically flat. Bond rates are still in their year-long range. World oil prices actually fell slightly.There is no catastrophe. I’m sure the Federal Reserve and its new chairman, Kevin Warsh, will b...16 hours ago
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