The White House keeps touting the success of Bidenomics and how they've got inflation under control. There's more proof that's not true.
The February CPI report shows that prices rose 0.4% last month. That is a higher number than what the so called experts were expecting. As for the year over year number, that went up as well; from 3.1% to 3.2%.
Federal Reserve Chair Jerome Powell told Congress last week he expected that interest rates would start getting cut before the end of the year. But Fox's Brian Brenberg isn't so sure.
"The Fed doesn't have good data to start lowering interest rates yet. Those 7% mortgages, for right now, aren't going anywhere," he said.
As for who gets the blame, Brenberg says the buck starts with the President.
"You saw his proposed budget; a lot more spending. That's keeping inflation rates elevated. When it's that high you don't have an economic reason to bring rates down," Brenberg explained.