The fallacy behind Biden's "9% inflation" line

Name: The fallacy behind Biden's "9% inflation" line
Uploaded: 2024-05-17T03:48:56Z
Duration: 6 min 37 s
Description: In recent days, President Biden has claimed he inherited a 9% inflation rate. That's not true -- the number spiked to that more than a year into his presidency -- but the shifting economic winds show how well the U.S. is faring versus the rest of the world. Jim talks more about it with Brendan Pedersen of Punchbowl News, who is also co-author of "The Vault" newsletter, on "The Final 5."

In recent days, President Biden has claimed he inherited a 9% inflation rate. That's not true -- the number spiked to that more than a year into his presidency -- but the shifting economic winds show how well the U.S. is faring versus the rest of the world. Jim talks more about it with Brendan Pedersen of Punchbowl News, who is also co-author of "The Vault" newsletter, on "The Final 5."

By Jim Lokay

Posted May 16, 2024 11:48pm EDT