The 360 View | How inflation could put Trump in office

The 360 View | How inflation could put Trump in office

President Joe Biden has two obstacles standing in the way of his reelection.

His failure at the border, and the crippling inflation caused by his Bidenomics agenda.

Inflation stood at 1.4% the month Biden took office and then skyrocketed to 9.1% in June 2022 before ebbing to 3% a year later.

However, it has been stuck near that still-elevated rate since.

The president’s critics have dubbed the phenomenon “Bidenflation.” With record interest rates stuck at above 5%, the economy has come to a standstill.

Federal Reserve Chairman Jerome Powell claims the recent high inflation has made it less likely we will see interest rates cut in the coming weeks and months.

Initially the Federal Reserve had predicted three rate cuts for 2024.

But the Fed wants to see inflation fall to 2% before it can make any cuts.

Without those cuts, mortgage payments will remain at record highs, making getting a loan, buying a home, or even starting a family feel impossibly out of reach for the nation’s Millennials.

On this episode of 360 Views, Scottie Nell Hughes discusses with her panel (Garland Nixon, Political Commentator and Radio Host; Steve Gill, Political Analyst and Radio Host; Steve Hayes, Tax Attorney and Chairman of Americans for Fair Taxation) if the Biden administration is destroying the American Dream.