In addition to medical bills, many families struggle to deal with their car payments. You got to have a way to get around. Not everybody's got access to mass transportation. Interest rates have remained high because of the historic levels of inflation during the Biden administration and the efforts by the Federal Reserve to combat that inflation through keeping interest rates high. But these interest rates mean that the monthly loan payments for cars have been higher and made buying a new car for most families more expensive. (11:26–11:40)
CLAIM
Asserts that interest rates have remained high due to historic inflation levels during the Biden administration and Federal Reserve efforts.
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.
