Nearing the $2 trillion annual cost savings floated by the Department of Government Efficiency would require cuts to programs on which Trump-backed counties heavily depend.
The effects of higher rents will take time to roll off, and policymakers have confidence they can look past them, even with a slightly higher inflation reading.
As global policymakers shape their strategies for the years ahead, they may wish to weight even more heavily the pain — and political upheaval — that result if they can't achieve stable prices.
The U.S. economy is by most measures stronger than it has been in modern election cycles — but with some exceptions that help explain voter discontent with conditions.
Concern that the world economy is more inflation-prone than in years past is keeping officials on edge, with more jitters than usual about moves that might reignite price pressures.
The International Monetary Fund leadership believes the world's nations need to accomplish a "triple pivot" over the coming years to ensure a prosperous future.