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CNN Reporter Torched for Tweet About Inflation's Impact on Americans

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A CNN reporter is facing criticism after suggesting that households “for the most part” are in a “good financial place” as inflation hovers near a 40-year-high.

In a tweet, Sunday, CNN’s John Harwood wrote, “In Washington debate, inflation is ‘crushing’ families.”

“In real life, pandemic relief has eased the pain,” he added.

The journalist noted, “Moody’s economist: “excess saving cushioned the impact, even for lower-income households.”

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Harwood shared an article that noted, “Inflation has surged in countries around the world as pandemic-hobbled economies lurched back into stride. That process strained manufacturers’ supply muscles, all the more so since the pandemic created new patterns of consumer demand that businesses weren’t prepared to meet.”

“The resulting inflation has indisputably produced economic pain for millions of families, eroding the buying power of higher paychecks,” it continued.

However, the article stated, “At the same time, they have not been “crushed” badly enough to prevent them from spending at a steady pace.”

“That’s because families up and down the income scale, thanks to Covid relief checks, generally still have more money than before the pandemic; in the lingo of economic analysts, “household balance sheets” still have “excess savings,” it added.

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Harwood’s tweet comes as inflation in April stayed near a 40-year-high at 8.3%.

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