Biden's Price Wars: Inflation Cools, but Affordability Remains a Concern

Inflation in the US cooled in November, but President Joe Biden is still facing challenges in convincing voters that his economic policies are effective. Despite the positive data, Biden acknowledged that many Americans still find things unaffordable and pledged to make things cheaper himself. He emphasized his crackdown on soaring prescription drug costs, hidden fees, and corporate price-gouging. The president's shift in tone reflects the pressure he faces due to bad polling on his economic performance, with voters holding him responsible for high rents and expensive grocery bills. Economists attribute the high prices to Biden's stimulus packages, supply chain disruptions, and pent-up consumer demand.