Biden Downplays Inflation, Predicts Economy Will Soar 7 Percent this Year

‘The vast majority of the experts, including Wall Street, are suggesting that it’s highly unlikely that it’s going to be long-term inflation’


BIDEN: "First of all, the good news is the economy is picking up significantly. It's rational. When you think about it, the cost of an automobile is kind of back to what it was before the pandemic. We compare what the prices were for the last year in the pandemic and they are up. They're up because, in fact, there was not much call for. For example, automobiles. You know, you had the rental car companies selling off their entire stock. You found yourself in the same way with automobile dealers. And all of a sudden, now it's coming back. We're going to grow at 7 percent, it's expected. We created more jobs in the first six months of my — our administration than any time in American history. No president has ever — no administration has ever created as many jobs.”

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