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Inflation has declined sharply since the June 2022 peak, and the most recent available rate at the time he spoke, for July 2023, was 3.2% – a rate that, the Biden presidency aside, was exceeded ...
Facts First: Biden’s claim that the inflation rate was 9% when he became president is not close to true. The year-over-year inflation rate in January 2021, the month of his inauguration, was ...
The inflation rate when Biden took office in January 2021 wasn’t 9%. It was 1.4%. It has risen on his watch, peaking at about 9.1% in June 2022, but by last month it had come down to 3.3%.
Trump’s strong inflation-adjusted growth rate could be because the chief executive spent two times as much as Biden on non-pandemic-related spending packages to juice up the economy. Trump’s ...
First, even when the inflation rate hit its Biden-era peak of 9.1% in June 2022, that 9.1% rate was the highest since 1981 – between 40 and 41 years prior, certainly not “100 years” and not ...
Blinder and Watson estimated the average Democratic real GDP growth rate at 4.3%, vs. 2.5% for Republicans, from President Truman's elected term through President Obama's first term, which ended January 2013. [ 1] This pattern of faster GDP growth under Democratic presidents continued after Blinder and Watson published their study; GDP grew ...
According to the consumer price index—the most common measure of U.S. inflation—the annual rate of inflation was only 1.4 percent in January 2021, the month Biden was sworn into office ...
August 16, 2024 at 8:45 AM. Adam Gray/Getty Images. Former President Donald Trump held a news conference on Thursday in which he continued to be highly dishonest – again making more than 20 ...