Kevin Hassett: “Inflation went up about 20% under Joe Biden and the inflation rate has gone way, way down.”

“I want to play something that Vice President Vance said just recently about high prices. Take a listen. But is he wrong that prices are high? Oh, prices are high in the sense that Inflation went up about 20% under Joe Biden and the inflation rate has gone way, way down. If we look at the three month moving average of the PC data that came this week, that core inflation is running now at 2%, which is the Fed's target.” (02:41–02:46)

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.