00:00
00:0000:00LIVE
Facebook
Twitter
Email
Embed
SETTINGS_SPEEDSPEED_NORMAL
SETTINGS_AUTOPLAY
President Biden appeared to get defensive when asked during a Thursday interview if his energy policies were to blame for inflation.
In his first interview with The Associated Press, the president – running contrary to what many economists are forecasting after the Federal Reserve raised interest rates – said a recession was "not inevitable."
(AP Photo/Evan Vucci / AP Newsroom)
"We’re in a stronger position than any nation in the world to overcome this inflation," Biden said, pointing to 3.6% unemployment rate and America’s relatively strong standing in the world.
At the notion that his administration’s policies were responsible for the worst inflation in 40 years and record-high gas prices, the president reportedly bristled.
GOP REP. JOHNSON SAYS BIDEN NOT DOING NEARLY ENOUGH ON INFLATION DESPITE SIGNING SHIPPING BILL
"If it’s my fault, why is it the case in every other major industrial country in the world that inflation is higher? You ask yourself that? I’m not being a wise guy."
Fox News White House Correspondent Peter Doocy pressed White House Press Secretary Karine Jean-Pierre later Thursday to explain Biden’s inflation comments, noting that the U.S. has higher inflation than Germany, France, Japan, Canada, India, Italy, and Saudi Arabia.
The latest figures on inflation for these countries indicate the following: Germany at 7.9%, France at 5.2%, Japan at 2.5%, India at...
Read Full Story:
https://www.foxbusiness.com/politics/biden-inflation-every-industrialized-cou...