Biden Battles Persistent Inflation as Prices Rise and Stocks Drop
• US consumer prices picked up again in March, with inflation rising 3.5% over the last 12 months • Inflation has been a continued challenge for Biden's presidency and approval ratings on the economy • Biden defended his economic policies, pointing to success reducing inflation from 9% to 3% • A majority of Americans believe Biden's policies have worsened economic conditions • Stocks dropped sharply Wednesday after hotter-than-expected inflation data was released