Donald Trump has launched a scathing attack on President Biden’s handling of the economy as new data shows inflation rose to 3.5 percent in March.
The former President took to his social media site Truth Social to pounce on the hotter-than-anticipated inflation report, released by the Department of Labor Wednesday morning.
Later in the day, Trump was filmed in a jovial mood as he visited a Chick-Fil-A restaurant in Atlanta where he picked up the tab for the entire restaurant.
The latest inflation data had already caused stocks to tumble amid fears it will delay the Federal Reserve from slashing interest rates which are already at a 23-year-high.
Trump wrote: ‘INFLATION IS BACK – and RAGING! The Fed will never be able to credibly lower interest rates, because they want to protect the worst President in the history of the United States.’
It comes after Biden appeared to blame big corporations for keeping prices high.
Donald Trump has launched a scathing attack on President Biden’s handling of inflation as new data shows it rose to 3.5 percent in March
He said in a statement: ‘I’m calling on corporations, including grocery retailers, to use record profits to reduce prices.
‘Congressional Republicans want to slash taxes for billionaires and big corporations, while helping special interests and Big Pharma raise prices. I won’t let them.’
This is a breaking news story, please check back for updates
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