President Joe Biden and Donald Trump will meet at their first presidential debate of the 2024 election, where inflation could be a major focus.
Treasury Secretary Janet Yellen is rolling out a slate of financing initiatives to support new housing development including a $100 million fund for affordable housing.
Inflation will likely be a key economic focus of the first presidential debate of the 2024 election between Biden and Donald Trump this week.The past several inflation reports have shown prices slightly cooling off, but shelter costs have remained persistently hot. The JuneAs part of its new actions, Treasury will provide $100 million over the next three years to finance affordable housing projects.
Driven by pandemic-era supply chain clogs and labor shortages, the record inflation that followed is lingering for consumers, who still feel squeezed by higher prices. Polls show that many of them blame the president who was in office through it all.
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