President Biden refused to take any responsibility for the high levels of inflation, claiming the elevated prices were a problem he inherited from his predecessor and that he is not to one to blame for the ongoing inflation crisis hitting Americans under his watch.
U.S. Economy Adds Jaw-Dropping 517K Jobs In January; Crushing Expectations
January Unexpected Jobs Report Snapped a 5-Month String of Slowing Employment Growth
The U.S. economy added over half a million jobs in January, blowing expectations out of the water in the first month of the year — revealing that the labor market continues to remain strong despite the Federal Reserve’s aggressive monetary tightening in its fight to tame inflation.
Thanksgiving Price Inflation Gobbles Up Americans Budget
Americans will face higher costs celebrating Thanksgiving this year
Thanksgiving — a day where American families and friends will soon gather to feast on popular dishes from turkey to stuffing and all sorts of side dishes is just around the corner. But this year, Americans will be bracing to cough up a pretty hefty price tag for that Thanksgiving meal as a result of painfully sky-high inflation.
Yellen: Fed Will Need ‘Luck’ & ‘Some Skills’ To Get ‘Soft Landing’
Treasury Sect. Yellen says the Federal Reserve needs "luck" and skills to avoid an economic crash
Treasury Secretary Janet Yellen struck a hopeful tone in the Federal Reserve achieving a soft landing, saying the Central Banks will need some “luck” and “some skills,” but warned that a looming recession will be a “risk” for the Biden administration in the upcoming months.
S&P 500 Plunges Into Bear Market Territory
S&P 500 Hits New 2022 & Closes In Bear Market Territory
Stocks sell-off intensified Monday, notching a four-day losing streak with the S&P 500 tumbling into bear market territory as soaring inflation slammed market sentiment over fears recession is looming ahead of this week’s Federal Reserve key FOMC meeting.
Biden Snaps at ‘Wise Guy’ Lester Holt When Asked About Brutal Inflation Report
President Biden snapped at NBC News Lester Holt, calling the TV anchor a “wise guy” when he questioned him inaccurately defined inflation to be temporary, but instead, it has surged to a new brutal 40-year high with no sign of easing down anytime soon.