Experts predict inflation election trouble for Biden: 'Too late' to fix

Fox News Digital spoke with top economists who lamented the actions taken by the Biden administration in handling inflation, which some said was "too late" to fix before the election.

The Federal Reserve on Wednesday announced it would maintain the federal funds rate range at 5.25% to 5.5%, where rates have held steady since last July, an expected decision considering inflation rose less than predicted for the 12 months ending in May and the core Consumer Price Index rose a better than expected 3.4%.  Brandon Gillespie is an associate editor at Fox News. Follow him on X at @BGillespieAL.

Fed Chair Jerome Powell said the report builds confidence that inflation is moving toward the 2% target, but he also said more evidence is needed before the central bank begins easing policy.