Survey of Economists: Bidenflation Will Remain Stubbornly High

Survey of Economists: Bidenflation Will Remain Stubbornly High: 

That is more than twice the Fed’s target inflation rate of two percent. The Fed raised its interest rate target rapidly last year in an effort to bring down inflation.

According to Bloomberg, President Joe Biden’s 40-year-high inflation, on average, cost American households an extra $5,200 last year, or $433 per month.