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Biden brought U.S. inflation down by 2025, Dean Baker argues

Biden brought U.S. inflation down by 2025, Dean Baker argues
Biden brings U.S. inflation near target

Dean Baker states that U.S. President Joe Biden has brought pandemic-related inflation close to the Federal Reserve's target by 2025, while suggesting that U.S. President Donald Trump had previously caused a sharp increase in inflation.

Baker also notes that real wages, which were growing rapidly, are now experiencing a decline.

Baker previously predicted a stock market crash that could leave high-profile investors such as Elon Musk and Larry Ellison in poverty. He also argued that Anthropic is accelerating its IPO plans to avoid potential setbacks from increased scrutiny of AI risks. These earlier comments reflect his focus on both equities and emerging technology valuations.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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