Biden repeats false claim that inflation was at 9% when he took office after being called out last week
Fox News
President Biden was called out for repeating the lie that inflation was at 9% when he first took office even after he was fact-checked by media outlets.
"Inflation has gone slightly up," Biden told Yahoo! Finance's Brian Sozzi. "It was at 9% when I came in. And it's now down around 3%." Joseph A. Wulfsohn is a media reporter for Fox News Digital. Story tips can be sent to joseph.wulfsohn@fox.com and on Twitter: @JosephWulfsohn.
Inflation was at 1.4% when Biden took the oath of office in January 2021 and peaked at 9.1% in June 2022. It stands at 3.5% as of March 2024, which is above the Federal Reserve’s target rate of 2%.
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