Biden claimed at Tuesday's AFL-CIO conference in Philadelphia that inflation is 'worse everywhere but here,' although the numbers tell a different story.
FOX Business’ host Stuart Varney on Jake Paul blasting the President over inflation, inviting the YouTube sensation onto his show to further discuss.
"Under my plan for the economy, we’ve made extraordinary progress," the president claimed. "And put America in the position to tackle a worldwide problem that’s worse everywhere but here."from April 2022, the U.S. inflation rate of 8.3% was one of the highest in the developed world, dwarfing Japan, France, Germany, Britain, Italy and Canada.
Now, just one month later, Americans are facing down a wholesale inflation rate of 10.8% that is putting even more pressure on people’s wallets. The Labor Department said Tuesday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, climbed 10.8% in May from the previous year. On a monthly basis, prices grew by 0.8%.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
President Joe Biden Lands In Philadelphia To Speak At AFL-CIO National ConventionWATCH: President Joe Biden landed in Philadelphia just after 9 a.m. He is scheduled to speak at the AFL-CIO National Convention Tuesday. Traffic delays are expected at PHL Airport, on I-95, and around the Pennsylvania Convention Center. MORE➡️
Read more »
President Biden addresses economy, inflation at AFL-CIO National Convention in PhiladelphiaKeep an eye out for the Presidential Motorcade - President Biden is making his way to the “City of Brotherly Love” Tuesday morning.
Read more »
Boxer Jake Paul blasts Biden for gas prices, inflation, claims Biden voters are ‘the American problem’Boxer and YouTuber Jake Paul slammed Joe Biden for rising gas prices, inflation, high rent, and more on Twitter. He also blasted Biden voters as 'the American problem.'
Read more »
Fact check: Biden claims ‘liability shield’ for U.S. gun makers is one of a kindA law signed by President George W. Bush in 2005 says gun dealers and manufacturers...
Read more »
US national security adviser meets China's top diplomat, paving way for potential Biden-Xi meetingUS national security adviser Jake Sullivan met in Luxembourg on Monday with the top Chinese diplomat for a 'candid, substantive, and productive discussion' at a tense moment between their two countries, according to the White House.
Read more »