Even Joe Biden wishes he hadn’t called his signature law the Inflation Reduction Act: ‘I wish I hadn’t called it that because it has less to do with reducing inflation’ than other things

Even President Joe Biden has some regrets about the name of the Inflation Reduction Act: As the giant law turns 1 on Wednesday, it’s increasingly clear that immediately curbing prices wasn’t the point.While price increases have cooled over the past year — the inflation rate has dropped from 9% to 3.2% — most economists say […]