In a press conference in which President Joe Biden was repeatedly asked about whether he would — or should — stay in the presidential race, Biden made a few remarks that were misleading or could use more context.
When President Joe Biden took office in January 2021, the U.S. annual rate of inflation was 1.4% — far from the 9% inflation Biden falsely said in a May 8 interview that he inherited. Inflation rose quickly in Biden’s first year, but it didn’t hit 9% until 17 months into his presidency.