Elizabeth Warren grills nominee Phelan over 3.4% wage growth lagging inflation while Biden’s full term saw cumulative core PCE inflation of 15% to 17%. June 26, 2026 10:41 pm by Alex pic.twitter.com/Qj6NKCLEB4 — John Gilbert (@MyLiberalPony) June 25, 2026 See also China is winning the inflation war but losing the consumption battleSee also A 4.2% inflation rate does not explain why buying a home feels impossible