{"id":2217611,"date":"2024-04-10T15:47:02","date_gmt":"2024-04-10T19:47:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-defends-bidenomics-stance-amid-rising-inflation\/"},"modified":"2024-04-10T15:48:34","modified_gmt":"2024-04-10T19:48:34","slug":"biden-defends-bidenomics-stance-amid-rising-inflation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-defends-bidenomics-stance-amid-rising-inflation\/","title":{"rendered":"Biden upholds &#8216;Bidenomics&#8217; stance amidst inflation uptick"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-defends-bidenomics-stance-amid-rising-inflation%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2217611&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>President Joe Biden defended his economic policies, known\u200d as &#8220;Bidenomics,&#8221; amid concerns over rising inflation during a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ioc-president-will-not-add-fuel-to-summer-olympics-cancellation-rumors\/\" title=\"IOC president will \u2018not add fuel\u2019 to Summer Olympics cancellation rumors\">joint press conference<\/a> with the prime\u200c minister of \u200bJapan. He was questioned about \u200bthe \u200bpossibility of the Federal Reserve cutting interest\u200c rates despite inflation exceeding expectations. To read more about this topic,\u200c click on the &#8220;Read more&#8230;&#8221; button. \u200cPresident\u2064 Joe Biden \u2062defended his economic policies, known as &#8220;Bidenomics,&#8221; during a press conference with the prime\u2063 minister of Japan amidst concerns about inflation. \u200cHe addressed inquiries regarding the potential Federal\u2064 Reserve interest rate cuts \u2064despite higher-than<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/even-his-admin-admits-bidenflation-is-bankrupting-social-security\/\" title=\"Even His Admin Admits \u2018Bidenflation\u2019 Is Bankrupting Social Security\">-expected inflation rates<\/a>. For further details, you can click on the &#8220;Read more&#8230;&#8221; button.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<div data-td-block-uid=\"tdi_78\">\n<p>A hot inflation report put President <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/joe-biden\/\" target=\"_blank\" rel=\"noopener\" title=\"Joe Biden\">Joe Biden<\/a> in the hot seat on Wednesday afternoon as he defended his \u201c<a href=\"https:\/\/www.washingtonexaminer.com\/tag\/bidenomics\/\" target=\"_blank\" rel=\"noopener\" title=\"Bidenomics\">Bidenomics<\/a>\u201d record. <\/p>\n<p>Biden held a joint press conference with the <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/2960744\/biden-japanese-prime-minister-white-house-military-alliance\/\" target=\"_blank\" rel=\"noopener\" title=\"prime minister of Japan\">prime minister of Japan<\/a> and was asked by a reporter if he still predicted the Federal Reserve would <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/breitbart-business-daily-the-rumble-and-the-ruble-how-the-wests-sanctions-on-russia-strengthen-the-ruble-and-threaten-globalization\/\" title=\"Breitbart Business Daily: The Rumble and the Ruble\u2014How the West\u2019s Sanctions on Russia Strengthen the Ruble and Threaten Globalization\">cut interest rates<\/a> despite inflation rising <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/2959087\/inflation-rose-3-5-march-fed-eyes-pivot\/\" target=\"_blank\" rel=\"noopener\" title=\"more than expected\">more than expected<\/a> for three straight months. <\/p>\n<p>\u201cI do stand by my prediction that before the year is out, there will be a rate cut,\u201d Biden said. \u201cThis may delay it a month or so. I\u2019m not sure of that. We don\u2019t know what the Fed is going to do for certain. But look, we have dramatically reduced inflation from 9% down to close to 3%.\u201d<\/p>\n<p>But inflation <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/2959087\/inflation-rose-3-5-march-fed-eyes-pivot\/\" target=\"_blank\" rel=\"noopener\" title=\"rose to 3.5%\">rose to 3.5%<\/a> for the year ending in March, the Bureau of Labor Statistics reported Wednesday in an update to the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/manchin-every-senator-thinks-minimum-wage-should-be-increased\/\" title=\"Manchin: Every Senator Thinks Minimum Wage Should Be Increased\">consumer price index<\/a>.<\/p>\n<p>That complicates the situation for the Fed, which is looking to cut rates from a two-decade high of 5.25% to 5.5%. It also complicates things for Biden, who is pushing the Bidenomics message as he seeks reelection. <\/p>\n<p>Inflation stood at 1.4% the month Biden took office and then skyrocketed to 9.1% in June 2022 before falling to 3% a year later. But it has been stuck near that still-elevated rate since. The president\u2019s critics have dubbed the phenomenon \u201c<a href=\"https:\/\/www.washingtonexaminer.com\/news\/2364323\/do-economists-think-bidenflation-will-last-depends-on-who-you-ask\/\" target=\"_blank\" rel=\"noopener\" title=\"Bidenflation\">Bidenflation<\/a>.\u201d<\/p>\n<p><a href=\"http:\/\/washingtonexaminer.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER<\/strong><\/a><\/p>\n<p>Biden tends to point to rising employment rather than inflation, saying that \u201cwe\u2019re better situated\u201d than when he took office.<\/p>\n<p>\u201cWe have a plan to deal with it,\u201d the president said on Wednesday. \u201cWhereas my opposition talks about two things \u2014 they just want to cut taxes for the wealthy and raise taxes on other people. So, I think they have no plan. Our plan is one I think is still sustainable.\u201d<\/p>\n<\/p><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden faced scrutiny over his &#8220;Bidenomics&#8221; approach following a recent inflation report. During a press conference with the Japanese prime minister, he was questioned about his stance on potential interest rate cuts despite soaring inflation rates<\/p>\n","protected":false},"author":2635,"featured_media":2217612,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/04\/AP23348624012708-1024x591.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2217611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/04\/AP23348624012708-1024x591.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2217611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2635"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2217611"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2217611\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2217612"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2217611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2217611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2217611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}