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Runaway Inflation ‘Unlikely’ to be Reeled in Under Biden Administration, Experts Say

The last time the Consumer Price Index was below 3 percent year-over-year was in March

2021, two months after Biden took office, with the CPI last measuring at 3.7 percent for September, despite the FED’s inflation target being just 2 percent, according to the Federal Reserve Bank of St. Louis. To return to the Fed’s target, which was common in the decade preceding Biden without difficulty or economic repercussions, the president would have to give up his high-spending policies that have been a signature of his economic policy.

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