LARRY KUDLOW: Biden's spending policies are keeping the accelerator on the floor

There may be no hope to truly tame inflation. That's the subject of tonight’s Riff. Stock market bulls continue to tout Federal Reserve interest rate cuts, but the latest Fed minutes out today throw cold water on that proposition. By the way, stocks don't need any extra juice from the Fed. The current rally is based on solid profits, which are always the mother's milk of stocks and the lifeblood of the economy. But consumer prices have increased around 4.

BIDEN REPEATS FALSE CLAIM THAT INFLATION WAS AT 9% WHEN HE TOOK OFFICE AFTER BEING CALLED OUT LAST WEEK The Congressional Budget Office estimates that budget deficits will run close to $3 trillion by 2034 as spending continues unabated from Biden policies. Deficits are estimated to rise to 6% of GDP, an unheard-of level in an economy with unemployment less than 4%, and a still troublesome inflation rate.

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