US core inflation is still unacceptably high for the Fed - and that means more pain for the economy, strategist Jim Bianco says
Business InsiderAPR 2023
Pres. Biden's economic plan is working and the US economy is well on its way to tackling inflation in a way his Republican rivals could never manage. The GOP has tried to exploit the global inflation crisis to score cheap political points against the Biden administration, but their flimsy arguments are becoming weaker as inflation cools. Despite being dealt a poor economic hand, the White House is enforcing an effective strategy to address the current issues.
It is curious that Pres. Biden is so obstinately standing by his failed economic agenda. The so-called "Bidenomics" plan has been an abject failure since he took office and Americans know it. The president is acting as if marginal improvements upon terrible statistics constitute a success, but the fact remains that inflation is still far too high, and the American people are the ones suffering.