Home Depot co-founder Ken Langone joins “The Ingraham Angle” to talk about the economy and the president’s outlook.
The prominent business leader and one of the Republican Party’s top donors did not mince words over President Biden’s repeated inaccurate inflation claims.
Ken Langone, former co-founder and CEO of Home Depot, said Tuesday: “Why do liars lie? Because they lie. That’s why we call them liars.” .Ingraham Angle. ”
“It’s the most ridiculous thing in the world to say that inflation was 9% when I took office,” he continued. “It was…1.4%.”
In a recent interview with Yahoo!, Biden emphasized that his administration is having an “incredible” impact on U.S. jobs and the economy, acknowledging that inflation has increased slightly. “It was 9% when I took office, and now it’s down about 3%,” he said.
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The U.S. Bureau of Labor Statistics announced that the Consumer Price Index (CPI) will increase in January 2021, the same month as Biden’s inauguration. 1.4% increase compared to previous yearthus serving as a fact check for the president.
Home Depot co-founder Ken Langone called President Biden a “liar” following his recent comments about inflation. (Fox News)
“How can you believe that? The numbers say it all,” Langone responded. “Think about other things he’s said that are unsubstantiated. In fact, they are unsubstantiated.”
biden made the same claim As he told CNN’s Erin Burnett last week, as well as Yahoo! The Treasury Department did not dispute his falsehoods.
“No president has ever done a better job creating jobs and lowering inflation. When I took office, it was 9%. It was 9%,” Biden previously told Barnett.
“Kudlow” panelists Jason Trennato and EJ Antoni discuss slowing growth as inflation continues under President Biden.
According to FactCheck.org, White House officials said President Biden was trying to convey inflationary factors such as the supply chain crisis that began before he took office.
“And the irony is that the American people are giving him a pass because of the media,” Langone agreed.
On Wednesday, the latest CPI data showed inflation eased slightly in April for the first time in months, a welcome sign for the Fed even as prices remain uncomfortably high for millions of Americans. Ta.
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FOX News contributor Liz Peek discusses President Biden’s response to the economy and California Democratic Gov. Gavin Newsom’s $27.6 billion deficit on climate change.
Federal Reserve Chairman Jerome Powell said Tuesday that the central bank needs to be patient and wait for evidence of slowing inflation before cutting rates.
“We didn’t expect this to be a smooth road, but I think it’s been higher than anyone expected,” he said. “What this tells us is that we need to be patient and make restrictive policies work.”
Fox News’ Joseph A. Wulfsohn and FOX Business’ Megan Henney contributed to this report.
