“Today’s report underscores why I have made fighting inflation my top economic priority. While it is good to see critical ‘core’ inflation moderating, it is not coming down as sharply and as quickly as we must see. Putin’s Price Hike hit hard in May here and around the world: high gas prices at the pump, energy, and food prices accounted for around half of the monthly price increases,” Biden said. “My Administration will continue to do everything we can to lower prices for the American people.”
But Biden hasn’t made inflation his top economic priority. For months, his administration denied inflation was happening, saying it wouldn’t be an issue, before calling it temporary and transitory last summer. Russian President Vladimir Putin didn’t...Read more here.
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