Gavin Newsom: “Inflation is not lowering. Still at 2.7%.”

“They had the Worst jobs numbers in the first year. The Trump administration outside a recession since 2003, 49,000 jobs a month. The Biden administration last year was averaging 168,000 jobs a month. Inflation is not lowering. Still at 2.7%. Ask folks what a pound of beef costs in the United States of America or a brand new car. Everything you heard yesterday was bs.” (23:18–23:23)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.