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Biden to speak on inflation this afternoon (Who/what will he blame? Place your bets!)

Added 06-10-22 11:30:12am EST - “Perhaps he'll yell at us again for not understanding why the economy is doing great.” - Twitchy.com

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Posted By TheNewsCommenter: From Twitchy.com: “Biden to speak on inflation this afternoon (Who/what will he blame? Place your bets!)”. Below is an excerpt from the article.

As we told you earlier, inflation is now at an over 40-year high, and the news came “unexpectedly” according to Bloomberg:

US inflation hit a fresh 40-year high in May, unexpectedly accelerating in a broad advance that pressures the Federal Reserve to extend an aggressive series of interest-rate hikes and adds to political problems for the White House and Democrats.

The consumer price index increased 8.6% from a year earlier, Labor Department data showed Friday. The widely followed inflation gauge rose 1% from a month earlier, topping all estimates. Shelter, food and gas were the largest contributors.

The so-called core CPI, which strips out the more volatile food and energy components, rose 0.6% from the prior month and 6% from a year ago, also above forecasts.

He’ll blame Putin, Republicans, and Americans who just don’t understand the economy. https://t.co/A2YxVTQvmi

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