Don't forget that people use wage & asset prices increases as a barometer for economic performance. People love to see their 401ks and houses increase in price

Don't forget that people use wage & asset prices increases as a barometer for economic performance. People love to see their 401ks and houses increase in price every year. And they definitely love the news reports of wage increases happening at the fastest rates in decades. If welded correctly, inflation can make an administration look like economic wizards.