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Biden Faces Scrutiny Over Inflation Claims as Economic Concerns Loom in 2024 Election

President Biden's repeated false claims about inflation figures draw criticism as voters weigh economic performance ahead of the election.

  • Biden falsely claimed inflation was 9% when he took office, though it was actually 1.4%.
  • The White House argues that factors causing inflation were already in place when Biden assumed office.
  • Inflation peaked at 9.1% in June 2022 and has since fallen to 3.4%, still above the Federal Reserve's target of 2%.
  • Republicans blame Biden's spending policies for high inflation and use it as a key campaign point.
  • Consumer sentiment has declined, with many voters doubting economic improvements under Biden's administration.
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