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He specifically noted Warren’s statements claiming that inflation was out of control and that the administration’s tariff policies were devastating the economy, asserting that such statements did not align with data showing inflation rates remaining relatively low, around 2–3%, and the stock market consistently hitting record highs. Santelli echoed Kernen’s sentiment, joking that members of Congress, while politically influential, might not be the best choice for managing personal or professional investment strategies, highlighting the disconnect between political rhetoric and market realities.
The conversation on Squawk Box also addressed the recent GDP data, which showed that the U.S. economy resumed growth in the second quarter and continued to expand rapidly through the third.
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