White House blames Biden administration for CPI rising 3%
The White House is reacting to the consumer price index rising 3% from last year as well as food prices increasing -- saying it is "unexpected" and "bad news."
White House press secretary Karoline Leavitt blamed the Biden administration for not being transparent on the economy and indicated the president has called for lower interest rates. On the other hand, the Federal Reserve has made clear that it is holding interest rates steady to try and tamp down inflation.

"This is an indictment of the Biden administration's mismanagement of the inflation crisis and their lack of transparency in addressing it," Leavitt said during the Wednesday press briefing.
Leavitt said President Donald Trump has made his potion on tackling inflation and interest rates "very clear."
"He wants interest rates to be lower. He wants inflation to be lower. And he believes that the whole government economic approach that this administration is taking will result in lower inflation," Leavitt said.
-ABC News' Kelsey Walsh







