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Facts First: Biden’s claim that the inflation rate was 9% when he became president is not close to true. The year-over-year inflation rate in January 2021, the month of his inauguration, was ...
The year-over-year inflation rate in the pandemic-era month Biden became president, January 2021, was actually about 1.4%, not “9%.” It only hit 9% in June 2022, after Biden had been president ...
When Biden became president in January 2021, the one-year outlook for inflation was 3%. ... Inflation has been Biden’s biggest economic problem and perhaps the biggest barrier to his reelection ...
The annual rate of inflation was 1.4 percent when he entered office, not 9 percent. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach ...
Growth: Since Biden took office, the U.S. economy has grown 8.4% when adjusted for inflation, versus a 6.5% growth rate for the same time period under Trump, though the economy was growing at a ...
The Inflation Reduction Act of 2022 (IRA) is a United States federal law which aims to reduce the federal government budget deficit, lower prescription drug prices, and invest in domestic energy production while promoting clean energy. It was passed by the 117th United States Congress and signed into law by President Joe Biden on August 16, 2022.
However, when eliminating the context and looking purely at numbers during each president’s four-year term, Trump oversaw a period of relatively low inflation, and Biden’s term so far has ...
Joseph Robinette Biden Jr. [b] (born November 20, 1942) is an American politician who served as the 46th president of the United States from 2021 to 2025. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 under President Barack Obama, and represented Delaware in the U.S. Senate from 1973 to 2009.