Former top Obama economic adviser shoots down Biden‘s favorite inflation argument; former treasury secretary says admin’s ‘misdiagnosis’ puts US at risk of recession
The U.S. Bureau of Labor Statistics announced on Wednesday that the consumer price index rose by an alarming 7% over a one-year period — the largest 12-month increase in nearly 40 years. A poll that was released last month found that inflation was the top concern of Americans. A new CBS News/YouGov poll released on Sunday shows that 70% of Americans disapprove of President Joe Biden’s handling of inflation, and 65% say he hasn’t paid enough attention to U.S. inflation.
