While the Biden administration policies arguably contributed to the worst inflation in 40 years, the American and world economies are complex and driven by several diverse, often uncontrollable factors.
"I don't think the Biden administration has much to do with the high inflation we've suffered over the past several years. There's a long list of reasons, and if it makes it to the list, it's at the bottom," said Mark Zandi, chief economist at Moody's Analytics.
"The runaway spending during the Biden term did contribute largely to inflation," said Mark Schniepp, director of the California Economic Forecast.
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