After the Federal Reserve’s preferred measure of inflation showed prices increased by 6.6 percent, the highest since 1982, while real disposable personal income dropped again by 0.4 percent, Ways and Means Republican Leader Rep. Kevin Brady (R-TX) issued the following statement:
“With inflation continuing to rage, President Biden can now boast shrinking paychecks and a shrinking economy to go along with his shrinking poll numbers.”
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