Inflation hits 8.5 percent, which is the fastest 12-month pace since 1981. President Joe Biden is attributing most of it to what he refers to as “Putin’s price hike.” One America’s Stella Escobedo spoke to economist Diana Furchtgott-Roth about what can be done to get the US back on track.
U.S. inflation has reached a new 40-year record high and American’s aren’t just feeling the pain at the pump. Everything appears to be more expensive under Joe Biden’s leadership. The White House, however, is pointing fingers at Russia for the high gas prices.