Flashback: Biden Says Long-Term Inflation 'Highly Unlikely' - Because Wall Street Said So

Flashback: Biden Says Long-Term Inflation 'Highly Unlikely' – Because Wall Street Said So


When President Joe Biden talks about “temporary” inflation, how long does “temporary” mean? Asking for America.

In October, inflation hit a high not seen in three decades, according to The Wall Street Journal. Prices year-over-year increased by 6.2 percent, the biggest jump since 1990. The core price index, meanwhile — which takes unpredictable food and energy prices out of the equation — sat at 4.6 percent, the highest since 1991.

When Biden took office in January, inflation was at 1.4 percent. By April, it had soared to 4.2 percent. It was at 5 percent in May and has stayed above that number ever since.

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And yet, Biden has been dismissive of the idea that there would be any kind of long-term inflation problem — because

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