A report released last week by the Bureau of Labor Statistics showed that inflation grew 0.6% between August and September, with Fox Business noting that this represented the highest jump in four decades.
In response, Fox News White House correspondent Peter Doocy asked press secretary Karine Jean-Pierre on Monday why the problem is getting worse despite positive talk from the president. As the Daily Caller noted, it was a question she struggled to answer.
“Inflation is an issue”
“The president understands, and we’ve talked about this many times, that inflation is an issue. High costs, costs, is an issue for the American people and so he’s been very clear about making that his number one economic priority,” the Daily Caller quoted Jean-Pierre as saying.
“And he has done the work, and he’s done the work with congressional Democrats when you think about the Inflation Reduction Act which is going to lower the cost for our seniors, millions and millions of seniors across the country,” she continued.
“When you think about that $2,000 cap on their own Medicare prescription, when you think about the thousands of dollars that our seniors pay a month, now that’s going to be $2,000 a year,” Jean-Pierre concluded.
Jean-Pierre’s answer was at least more detailed than the one President Biden himself offered when asked about the economy while visiting an ice cream shop in Portland, Oregon over the weekend.
BIDEN, eating ice cream: “Our economy is strong as hell” pic.twitter.com/x5dyCg14l3
— RNC Research (@RNCResearch) October 16, 2022
Strength of the dollar
“Just one more economic question,” a journalist could be heard saying in a video clip tweeted out by the RNC Research account. “Are you concerned about the strength of the dollar right now?”
“I’m not concerned about the strength of the dollar, I’m concerned about the rest of the world. Does that make sense?” Biden said as he munched on ice cream.
“Our economy is strong as hell,” Biden added. “The internal — inflation is worldwide, it’s worse off everywhere else than it is in the United States. So the problem is a lack of economic growth and sound policy in other countries, not so much ours.”
However, the Consumer Price Index shows a steep increase in the price of nearly all consumer goods, including ice cream. That seems to have many Americans feeling nervous.
A poll put out last month by Gallup found 56% of respondents said rising prices are causing them financial hardship.