Federal Reserve chairman Jerome Powell admitted that President Biden’s administration has failed to shrink inflation, years after Biden declared it a “top priority.” Powell made the comments during an address at a U.S.-Canada policy forum on Tuesday. He indicated that the Fed is unlikely to shift its interest rates until the inflation rate shrinks further. “More recent data shows solid …
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Last week brought bad news for the American people and President Joe Biden. Inflation persists and jobs are decaying. On inflation, the U.S. Bureau of Labor Statistics reported prices rose 3.5 percent between March 2023 and March 2024. This bad number is far higher than the U.S. Federal Reserve’s goal of 2 percent inflation – and it follows three years …
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New York Times columnist Paul Krugman shrugged off the notion that most Americans are actually struggling in what he declared a “good economy” under President Biden, despite what they tell pollsters. “I’m OK, people I know are OK, but somewhere out there it’s terrible,” Krugman wrote Tuesday while blocking replies to his post on X. Krugman shared a link to …
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A Seattle small business owner, outraged over sky-high costs that have put his livelihood in a bind, said he’s “ashamed” to call Biden his president because of his handling of the economy. “He doesn’t know anything,” Maher Youssef, owner of Pluto Organic Café in the Evergreen State, said Thursday on “Fox & Friends First.” “The gas is double [the cost], …
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Reality collided with a Democratic congressman’s efforts to defend President Biden’s record on inflation Wednesday morning. South Carolina Rep. James Clyburn spoke to MSNBC’s “Morning Joe” regarding a recent focus group accusing the president of “gaslighting” them on the economy. Though Clyburn acknowledged that people are concerned over inflation, he said inflation rates have largely come down since Biden took …
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An unexpected bump up in inflation is giving former President Trump more ammunition to fire at President Biden as the two face off in their 2024 election rematch. After the Labor Department reported on Wednesday that the consumer price index – a broad measure of the cost of everyday goods such as gas and groceries, as well as rent – …
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“Good Morning America” sounded the alarm on “sticker shock” at the grocery store on Friday, admitting that shoppers were better off four years ago before significant price hikes. The ABC morning network program set up two tables to show the contrast between what Americans could purchase for $100 from March 2019-2020 versus March 2023-2024. Co-host Michael Strahan let out an …
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Chocolate Easter bunnies are a sweet example of European tradition re-imagined by American ingenuity and capitalist creativity. Credit first-generation German-American Robert Lincoln Strohecker, known in confectioner’s lore as the “Father of the Chocolate Easter Bunny.” The source of Strohecker’s legend was a massive 5-foot-tall (or perhaps even taller) solid chocolate rabbit he displayed outside Pennsylvania retailers in 1890 to popularize …
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Japanese Prime Minister Fumio Kishida reiterated Thursday his determination to work toward a summit with North Korea’s Kim Jong Un to realize the return of Japanese people believed abducted by North Korean agents in the 1970s and 80s. “I remain committed to realizing this for Japan,” he told reporters, while declining to directly address the recent comments from North Korea …
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Are you better off than you were four years ago? That question was asked by Ronald Reagan during a decisive 1980 debate with then-President Jimmy Carter. Only about 1 in 5 voters today answers yes, according to the latest Fox News national survey. Just 22% say they are better off than four years ago, while more than twice that many …
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