×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Skip to main content
Tags: stephen moore | economy | inflation | transitory | prices | consumers index

Stephen Moore: Biden's 'Inflation Is Transitory' Claim Laughable

president joe biden eats ice cream without a care in the world
President Joe Biden (Alex Brandon/AP)

By    |   Sunday, 14 November 2021 09:15 PM EST

Former Trump economic adviser Stephen Moore said Sunday people are not buying that inflation is transitory.

"The inflation rate continues to rise; I don't think anyone hears the word 'transitory' without laughing out loud when the Fed Reserve Board and the White House says that inflation is transitory," Moore told Sunday's "The Cats Roundtable" on WABC 770 AM-N.Y., hosted by John Catsimatidis.

Also, on Sunday, Treasury Secretary Janet Yellen said inflation would end when the pandemic gets under control.

But Moore does not believe it.

Inflation keeps getting "worse and worse; prices are up 6.2% over last year," Moore lamented.

"This is a real hardship for the people at the bottom of the economic ladder," he added. "Inflation is the cruelest tax ... It's a regressive tax. It hurts people at the bottom.

Biden is not being truthful to the American people when he is saying he means no harm to poorer Americans.

"When Joe Biden says, 'I'm not going to tax people who make less than $400,000 a year,' he's already taxing people who make [less than] $400,000 a year, because every time you go to the gas pump, every time you try to rent a car," Americans feel the pain, according to Moore.

© 2022 Newsmax. All rights reserved.


US
Former Trump economic adviser Stephen Moore said Sunday people are not buying that inflation is transitory.
stephen moore, economy, inflation, transitory, prices, consumers index
207
2021-15-14
Sunday, 14 November 2021 09:15 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved