As we’ve reported, the administration has backed off using the term “Bidenomics” because they found that the moniker wasn’t being received by the public with much enthusiasm. In fact, most Americans know that under Bidenomics, their quality of life has suffered with rampant inflation eating into their spending power and interest rates making borrowing painful.
See:
Team Biden Pulls Away From Touting ‘Bidenomics.’ It’s About Time.
What Treasury Secretary Janet Yellen once called “transitory inflation” has turned out to be truly stubborn, and despite several interest hikes by the Federal Reserve, prices continue to shoot up.
Speaking at the annual general meeting of the Foreign Bankers’ Association in Amsterdam, Federal Reserve Chairman Jerome Powell said that despite their efforts, the inflation rate remains surprising.
“We did not expect this to be a smooth road. But…
