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Last week brought bad news for the American people and President Joe Biden. Inflation persists and jobs are decaying.
On inflation, the U.S. Bureau of Labor Statistics reported prices rose 3.5 percent between March 2023 and March 2024. This bad number is far higher than the U.S. Federal Reserve’s goal of 2 percent inflation – and it follows three years of price increases.
Inflation continues to build even after the Federal Reserve pushed interest rates to their highest point in 23 years.
Much to the Fed’s dismay, its restrictive private sector policies are being more than offset by the Biden administration’s massive deficits. While the Fed is trying to take liquidity out of the system and force a slowdown to lower inflation, the Biden administration keeps pumping borrowed money into the economy.
JAMIE DIMON SOUNDS ALARM OVER ‘PERSISTENT’ INFLATION, FED POLICY
The contradiction between the Fed and the Biden White Houseincreases the scale of government and shrinks the private sector. Furthermore, since the federal …
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