FedEx Founder and CEO Lays Out Just How Democrats Caused the Current Inflation Spike Randy DeSoto / WJ / THE WESTERN JOURNAL
The consumer price index surged 8.5 percent in March compared to a year ago, up from 7.9 percent in February, CNBC reported. The rate was the highest since December 1981.
By way of comparison, the month former President Donald Trump left office, January 2021, the inflation rate was 1.4 percent.
Asked by Fox News host Bret Baier Wednesday to give his overview of where the nation’s economy stands, Smith addressed inflation.
“We still have substantial growth, but as you mentioned substantial inflation. I think the best person that commented on the current situation before it got started was Larry Summers, the former Democratic treasury secretary who forewarned about these inflation pressures,” Smith said. Read more, see tweet. and videos here.