(This article, published on July 18 and reporting on Manchin's action July 14, celebrated his action. Alas, the celebration was premature. Abandoning his commitment to oppose any such bill until inflation declined, Manchin embraced a new bill July 27---two weeks before the new monthly inflation rate is to be published and despite the fact that most analysts agreed that the rate would either rise or remain unchanged. We are intensely disappointed in the Senator.---ECB, July 28, 2022)Recently one … [Read more...]