On Monday, Biden discussed the economy and rising consumer prices.
He claimed that the hikes of prices were expected, add inflation is “temporary.”
As his administration bragged about saving Americans 16% on their July 4th BBQ, prices are rapidly rising and inflation hit 5.4% last month.
Plus, gas and grocery prices are through the roof but he maintains it’s all “temporary.”
He said:
“As our economy has come roaring back, we’ve seen some price increases. Some folks have raised worries that this could be a sign of persistent inflation, but that’s not our view.
Our experts believe, and the data shows, that most of the price increases we’ve seen were expected and are expected to be temporary.”
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Watch below:
Biden says "unchecked inflation over the long term would pose a real challenge to our economy" but adds he's "confident that isn't what we're seeing today" pic.twitter.com/FDGUKGBpmc
— Bloomberg Quicktake (@Quicktake) July 19, 2021
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