Inflation Persists And Jobs Decay: Gingrich
by Zero Hedge
Zero Hedge— Bidenomics - Inflation Persists And Jobs Decay: Gingrich Authored by Newt Gingrich via The Epoch Times (emphasis ours), Last week brought bad news for the American people and President Joe Biden. Inflation persists and jobs are decaying. President Joe Biden speaks about Bidenomics at CS Wind, in Pueblo, Colo., on Nov. 29, 2023. (Michael Ciaglo/Getty Images) On inflation, the U.S. Bureau of Labor Statistics (BLS) reported prices rose 3.5 percent between March 2023 and March 2024....
Honolulu Star-Advertiser—Price pressures persist in Fed’s inflation gauge. WASHINGTON >> A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid.
CNBC—Worker pay rose more than expected in Q1 in another sign of persistent inflation. The employment cost index, which measures worker salaries and benefits, gained 1.2% in the first quarter.
CNBC—Trump wins voters on inflation as Biden zeroes in on tariffs, jobs: NBC News poll. Trump attacked Biden on social media following the release of the most recent consumer price index.