Will he stick to his word?
President Biden has just revealed his top priority and he claims it is to reverse rising inflation levels.
Biden claims he wants to go to battle with inflation as the government has just announced that inflation is soaring at the fastest rates it has in decades.
According to Yahoo, “Inflation hurts Americans’ pocketbooks, and reversing this trend is a top priority for me,” Biden stated. Biden further explained that his $2 trillion Build Back Better plan will help tackle inflation and will support the U.S. economy. This comes a surprise because many Americans believe Biden’s Build Back Better plan will do the exact opposite.
“I want to reemphasize my commitment to the independence of the Federal Reserve to monitor inflation, and take steps necessary to combat it,” Biden expalined.
CPI data shows prices continually rising 0.9% month-over-month and gasoline spiked 9.1% between just September and October.
The highest inflation in 31 years…. BUT NO MEAN TWEEEEETSSSSSS.
— Tim Young (@TimRunsHisMouth) November 10, 2021