Stubborn Inflation Poses Headache for Biden

The president says he’s confident a rate cut is coming this year.

President Joe Biden speaks during a joint press conference with Japanese Prime Minister Fumio Kishida at the Rose Garden of the White House on April 10, 2024. Madalina Vasiliu/The Epoch Times

News Analysis

The hotter-than-expected inflation data could prove to be a problem for President Joe Biden and his economic philosophy, known as Bidenomics, heading into the November election.