Kudlow: The inflationistas are proven wrong — again

• June and July inflation numbers (CPI and PPI) showed disinflation, with month-over-month PPI at 0.0% and 3-month annual rates for PPI at 1.3% and CPI at 0.5%.
• Kudlow praises a hypothetical new Fed Chair, Kevin Warsh, for not raising rates and for focusing on data rather than 'forward guidance,' contrasting him with Jay Powell.
• The S&P 500 hit a new record high, which Kudlow and a clip of Donald Trump attribute to 'Trumpian policies,' benefiting 156 million American adults who own stocks.

Larry Kudlow celebrates recent cooler inflation data (CPI and PPI) as a sign of disinflation setting in, validating the Federal Reserve's decision to pause rate hikes under a hypothetical new Fed Chair, Kevin Warsh. He also highlights the S&P 500 reaching new record highs, attributing market prosperity to 'Trumpian policies' and suggesting it benefits a large portion of Americans.