Inflation Archives - Page 3 of 16

Auto Loan Delinquencies Hit Highest Level in a Decade as Borrowing Costs Soar

Delinquencies on auto loans have hit their highest levels in a decade as growing numbers of American fail to meet their repayments amid soaring borrowing costs. The data was revealed by the credit agency TransUnion, which tracks more than 81 million auto loans throughout the United States. According to TransUnion,…

Rattner: High Inflation ‘Not All on Biden’ as Trillions in Fed Stimulus Partly to Blame

Former Obama administration adviser Steve Rattner said on Thursday that the Biden administration is not entirely to blame for soaring inflation. According to Rattner, continued public spending of large amounts of COVID-19 stimulus is partly to blame. Rattner, who served as an adviser to the Secretary of the Treasury under…

MSNBC’s Joy Reid: Republicans ‘Have Taught People the Word Inflation’ to Smear Democrats

MSNBC host Joy Reid has claimed that conservative voters had never heard the word “inflation” until Republicans turned it into a campaign issue to use against Democrats for this year’s midterms. Appearing as a guest on Thursday’s "Deadline: White House," Reid said: "The only people I ever hear use the…

Biden Lies about Son’s Death Again While Blaming Inflation on ‘War in Iraq’

Democrat President Joe Biden has been caught lying about his son's death again during a gaffe-filled speech on Tuesday. Biden made multiple flubs in quick succession during his slurring speech in Florida on the state of the economy. During the address, Biden blamed the "war in Iraq" for America’s current inflationary…

Japan Announces $485 Billion Spending Package to Counter Soaring Inflation

Japan’s prime minister has announced a massive spending package that seeks to counter the nation's rising inflation. On Friday, Prime Minister Fumio Kishida said that his government will spend about 71.6 trillion yen ($485 billion) on economic stimulus. The spending is aimed at helping households and businesses cope with inflationary…

Yellen Admits Inflation Could Get Worse but Has ‘Confidence’ It’ll Get Better, Eventually

Treasury Secretary Janet Yellen has admitted that inflation could get worse but insists that she has "confidence" that price pressures will ease “over the next year or two.” Yellen made the remarks during a Monday interview on NBC News. She said there are “good indications” that inflation will eventually drop…

Jeff Bezos Issues Grim Warning on the Economy: ‘Batten Down the Hatches’

Amazon founder Jeff Bezos has issued a grim warning about where the economy is heading. Despite denials from the Biden administration, the United States economy has met the rule-of-thumb definition of a recession - two consecutive quarters of negative growth. The economy contracted at a 1.6% annualized rate in the first…

Peter Doocy Calls Biden’s Bluff on Inflation, Demands to See Receipts

Fox News reporter Peter Doocy has called Democrat President Joe Biden's bluff and demanded to see some evidence to support the claims about inflation being pushed by the White House. Doocy grilled White House Press Secretary Karine Jean-Pierre over the top priority for Americans heading into the midterms - inflation.…

Pelosi Admits Biden’s Policies Partly Caused Inflation

House Speaker Nancy Pelosi (D-CA) has admitted that President Joe Biden's policies are partly responsible for America's red-hot inflation. On Tuesday, Pelosi admitted that part of what’s behind the sky-high inflation is Biden’s policies on job creation. Pelosi made the admission during Tuesday's broadcast of MSNBC’s “Andrea Mitchell Reports.” The…

Pelosi’s Answer for Inflation Spells Doom for Democrats in November: ‘We’ll Have to Message It Better’

Speaker Nancy Pelosi (D-CA) is trying to put on a brave face ahead of the critical midterms but her approach to inflation only spells doom for the Democrats. The momentum going into the elections has swung to the Republicans because Democrat President Joe Biden and his team sat back and…