Is she right? Does inflation go up when unemployment goes down? Look at the four charts below and see for yourself. These show inflation rates during four sustained and strong drops in the unemployment rate over the past 40 years.
In most cases, inflation went down, not up. In Donald Trump’s case, the inflation rate seems to be jumping around more only because the scale is different – unemployment and inflation were both lower than they’d been historically.
What about Biden, then? Take a look at what’s happened on his watch.
This shows how aberrant the current situation is. Even the leftist “fact checking” site Politifactrates Pelosi’s claim as “mostly false.”
So, if it’s not the strong job market, what or who is to blame for the four-decade-high inflation rates?
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