Many are quick to blame Biden but look at other countries.
But consider:
— GeneSperling46 (@GeneSperling46) June 1, 2022
-OECD (38 member countries): 8.8% headline inflation, 5.9% core
-UK: 9% headline inflation (40-year high), 6.2% corehttps://t.co/ZLJQhe15PR
Average #inflation in #OECD countries:
— jeroen blokland (@jsblokland) June 5, 2022
9.2%!
👀
ht @pitres pic.twitter.com/PXJeaFmfEH
I’ve wasted my life https://t.co/JqBYrgPLby
— Kai Ryssdal (@kairyssdal) June 2, 2022
Must've been all them stimulus checks from Biden that done it https://t.co/G6DqbAYL7E
— Adam Weinstein (@AdamWeinstein) June 1, 2022
Headline US & Euro area inflation rates have converged.
— Jason Furman (@jasonfurman) June 7, 2022
But, the underlying dynamics of the inflation in the 2 economies is different. More painful in Europe. More persistent in the US.
Calls for different policy responses.
My latest @wsjopinion https://t.co/u3v9M4PcyD pic.twitter.com/MoF6cpIA1T
Soaring inflation is a truly global phenomenon, with the U.S. near the middle of the pack, according to an analysis of 111 countries. https://t.co/3Ji2Pgcolh
— Axios (@axios) June 13, 2022
Sad! 