WaPo editorial board slams Biden's 'magical thinking on inflation'

Inflation came in at 8.3% in April, showing a slight decrease from March’s record-high 8.5% year-over-year inflation. Prices remain high and the Consumer Price Index (CPI) was still higher than predicted. 

WASHINGTON, DC - MAY 10: U.S. President Joe Biden speaks about inflation and the economy in the South Court Auditorium on the White House campus May 10, 2022 in Washington, DC. Biden stated that tackling the rising prices is his top domestic priority and accused Republicans of not having a plan to fight inflation. (Photo by Drew Angerer/Getty Images)

WASHINGTON, DC – MAY 10: U.S. President Joe Biden speaks about inflation and the economy in the South Court Auditorium on the White House campus May 10, 2022 in Washington, DC. Biden stated that tackling the rising prices is his top domestic priority and accused Republicans of not having a plan to fight inflation. (Photo by Drew Angerer/Getty Images)

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