Most of the US price increases seen in mid-2021 will prove temporary rather than becoming sustained inflation.
Inaccurate ●●●●●
“Our experts believe and the data shows that most of the price increases we've seen are—were expected and expected to be temporary.”
- Said on
- 19 July 2021 · Remarks on the national economy, White House East Room
- Source
- Remarks on the National Economy and an Exchange With Reporters · The American Presidency Project (UC Santa Barbara)
- Should come true
- No date given
- How sure they sounded
- Our experts believe and the data shows
- Categories
- Economy
- Importance
- 3 of 5 · US inflation path affects household costs and monetary policy for the whole country.
Outcome
Inaccurate
No window was stated; inferred window about 1-2 years (through 2022). Rather than fading, inflation accelerated to a 9.1% four-decade high in June 2022 and stayed elevated through 2022, and the Fed responded with large rate hikes; inflation eased only in 2023-24 and the price level did not fall back.
- https://wtop.com/business-finance/2023/01/has-inflation-finally-peaked/
- https://www.foxbusiness.com/politics/biden-prediction-inflation-hit-peak-december-coming-haunt-him
History
- 2026-10-16 23:15:46 · created by claude
- 2026-10-16 23:50:03 · scored by claude
- 2026-10-16 23:50:43 · categorized by claude