Economists weigh in on Biden's comments about inflation in his State of the Union address.
Inflation has cooled while wages have ticked higher, but many households are still struggling to keep up with the increased cost of living.
"Wages keep going up and inflation keeps coming down," Biden said in the annual speech before Congress.However, "it is difficult to tell people that inflation isn't so bad as it was, given that it has taken about one-fifth of purchasing power away from people," he said.
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