Yet another key inflation indicator shows prices are surging at the fastest pace in 40 years.
The personal consumption expenditures price index (PCE), the Fed’s preferred inflation gauge, jumped by 6.4%.
Now, a new report from the Federal Reserve Bank of San Francisco found what 70% of Americans already know – Biden’s $1.9 trillion boondoggle fueled inflation. In the words of former Obama economic advisor Steve Rattner, “this is Biden’s inflation and he needs to own it.”
