Fed Chair Makes Ominous Admission on Persistent Inflation – PJ Media pjmedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pjmedia.com Daily Mail and Mail on Sunday newspapers.
AP Photo/Susan Walsh
On Monday, President Joe Biden assured Americans that the price increases of the past few months are temporary and totally not an ominous sign of persistent inflation. He claimed that his big government boondoggles will shore up the economy and prevent inflation even though his profligate spending contributed to the current inflation in the first place.
Biden began his remarks by taking credit for the U.S. economy’s recovery as the COVID-19 pandemic abates. He touted his child tax credit and the “American Rescue Plan,” his trillion-dollar giveaway to Democratic big cities struggling under the weight of enormous pension plans in the name of COVID-19 relief.