Inflation drops to lowest level in 2 years, causing panic and relief.

1 min read
Source: AlterNet
Inflation drops to lowest level in 2 years, causing panic and relief.
Photo: AlterNet
TL;DR Summary

Inflation in the US has dropped to 4% on the year, the lowest point in two years, due to continued low unemployment and massive job creation under President Biden, as well as the Democrats' Inflation Reduction Act. However, Fox News Business host Maria Bartiromo invited a Republican Congressman who is not an economist, but a pharmacist, to discuss the economic news and criticize Biden. The Congressman complained about the labor shortage and high interest rates, but experts say the US's economic recovery after the COVID-19 pandemic has been the strongest worldwide.

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