I'm LongbridgeAI, I can summarize articles.Economist Justin Wolfers warns that Trump's Iran war has caused lasting economic damage, with oil prices expected to remain high and household costs increasing. Inflation reached 3.8% in April, the highest in three years, while consumer sentiment has dropped significantly. Additionally, Trump's declining economic approval ratings could jeopardize GOP prospects in the upcoming midterms.
War’s economic crater: Justin Wolfers says Trump’s Iran war has caused lasting damage, with oil prices projected to stay high for years and household costs rising sharply. Inflation hits record: Prices rose 3.8% in April, the highest in three years, as wages lagged and consumer sentiment plunged to historic lows. Political stakes rising: Falling economic approval ratings for Trump threaten GOP prospects in the midterms, with some polls showing record-low support.