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Looking at the duration of Joe Biden’s presidency and using the standard measures for comparing inflation and wages, inflation has increased 19.3% since January 2021 while wages have risen 16.1%.
President Biden claimed Wednesday that voters were wrong to blame him for high inflation because it “was 9% when I came to office” — when in fact it actually was just 1.4%.
Since President Joe Biden took office Jan. 20, 2021, wage growth has trailed the rate of inflation. However, Biden said "incomes," which are defined differently from wages, and for that, the data ...
Which is to say, the problem for US consumers — and for Joe Biden — isn’t the inflation-rate snapshot for April. The problem is the years of persistently high inflation that preceded it.
President Joe Biden was criticized Friday for claiming that he inherited high inflation when he entered office. Last year, under his administration, inflation climbed to 9.1 percent, a forty-year ...
High inflation rates have bedeviled Joe Biden during much of his presidency. But in recent remarks, Biden expressed optimism that the U.S. has turned a corner in its effort to fight fast-rising ...
President Joe Biden attempted to put historic levels of inflation "in perspective" on Sunday, arguing that last week's inflation number was up "hardly at all" from the previous month. When asked ...
Joe Biden, post on X, Feb. 4, 2024 White House Council of Economic Advisers, post on X , Jan. 26, 2024 Federal Reserve Bank of St. Louis, consumer price index , accessed Feb. 6, 2024 ...
Something is wrecking Joe Biden, but it isn’t the economy—at least the economy that economists know how to measure—and it isn’t inflation. None of this has prevented Biden’s critics from ...
When President Joe Biden stepped to the podium Wednesday afternoon, the setting was a reminder of the biggest failure of his tenure and the reason for his current predicament: The number of ...
Although the year-over-year inflation rate has eased to about 3%, it’s unsurprising that inflation came up when Time magazine interviewed President Joe Biden for a June 4 story.