Kudlow tells Hassett inflation number was 'lousy'

"Biden Era Inflation Hits 3.8% Annual Rate: Trump Administration Defends Economic Record. The US economy is facing a concerning reality as the annual inflation rate has surged to 3.8% over the past 12 months, with a staggering 0.6% increase in April alone. The rising costs are putting pressure on the Biden administration's economic agenda, which has been criticized by some as a continuation of the Trump-era policies. Fox Business host Larry Kudlow's candid assessment of the inflation rate as "lousy" has sparked debate, with some questioning the effectiveness of the administration's economic strategies."

Fox Business host Larry Kudlow on Tuesday told National Economic Council (NEC) Director Kevin Hassett that the rising annual inflation rate is "lousy" as the Trump administration seeks to defend its economic agenda. The consumer price index (CPI) rose 3.8 percent over the past 12 months and 0.6 percent in April alone, having previously hit...