Economy

Trump Accuses Biden Administration for Escalating US Inflation Rates

Trump's Latest Blame Game

In a recent outburst on social media, former United States President Donald Trump pointed fingers at Joe Biden and his administration for the recent surge in annual inflation. Trump's statement came after the Department of Labor Statistics reported a rise to 3% in January from 2.9% in December 2024.

White House Fires Back

Not to be outdone, the White House retaliated last week by criticizing the previous administration's economic policies. This was in response to the latest nonfarm payrolls report, which they claimed highlighted the shortcomings of Trump's economic strategies.