Biden Celebrates as the Dow Slips and Inflation Rises

On Tuesday, while August inflation remained uncomfortably high, President Biden stated that he was “celebrating” the passage of the Inflation Reduction Act, drawing criticism from politicians and conservatives. Biden attended a ceremony at the White House to celebrate the passing of the Inflation Reduction Act, and he was joined by congressional allies and legendary singer/songwriter James Taylor. The Inflation Reduction Act is Biden and congressional Democrats’ most ambitious effort to date to rein in rising prices before the November elections.