In case you missed it, inflation hit 7% today, the highest it’s been since 1982. We’re starting to think it’s not as “transitory” as we were told.
President Joe Biden is assuring us today that we’re heading in the right direction:
Today’s inflation numbers show a meaningful reduction in headline inflation over last month. We are making progress in slowing the rate of price increases. But there is still more work to do — I remain focused on lowering costs for families and maintaining strong economic growth.
— President Biden (@POTUS) January 12, 2022