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Biden says economic strategy working after inflation rises to 40-year high and oil prices skyrocket
Economy

Biden says economic strategy working after inflation rises to 40-year high and oil prices skyrocket

The Federal Reserve says it will raise interest rates to combat inflation

President Biden on Monday touted his administration’s achievements in improving the economy, but noticeably failed to address key developments that are biting into the pocketbooks of many Americans.

“Our economic strategy has worked – and it’s still working,” Biden wrote in a tweet.

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