And with the observed inflation, I think we can see that price is already down and that will trickle into the CPI and the PC, which the Fed looks at. Well, it's a good point because there is still a perception that … The price level increased by 21-23% under the Biden administration. … basket of groceries, insurance, rent, car payments. And that was up in the mid-30s. So very difficult other than with energy. The President, through Drill Baby Drill has gotten gasoline prices down. (17:55–18:13)
CLAIM
Asserts that prices rose significantly during the Biden administration.
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