There are fears of a recession on the horizon, as inflation in 2022 hit decades-long highs. Gas prices and food costs soared, and with Democrats in control of Congress and the White House, it put them on their heels in this year’s midterms. The Federal Reserve raised interest rates multiple times<\/a>throughout 2022, squeezing borrowing in hopes of stemming inflation. That all had the effect of burdening Biden’s approval ratings, which remained in the low-40s<\/a> for much of the year.<\/p>\n","protected":false},"excerpt":{"rendered":" Inflation, gas prices hit highs There are fears of a recession on the horizon, as inflation in 2022 hit decades-long highs. Gas prices and food costs soared, and with Democrats in control of Congress and the White House, it put them on their heels in this year’s midterms. The Federal Reserve raised interest rates multiple […]<\/p>\n","protected":false},"author":5,"featured_media":2840,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3122],"tags":[],"class_list":{"0":"post-2841","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/politicalbourbon.com\/en\/wp-json\/wp\/v2\/posts\/2841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/politicalbourbon.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/politicalbourbon.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/politicalbourbon.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/politicalbourbon.com\/en\/wp-json\/wp\/v2\/comments?post=2841"}],"version-history":[{"count":0,"href":"https:\/\/politicalbourbon.com\/en\/wp-json\/wp\/v2\/posts\/2841\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/politicalbourbon.com\/en\/wp-json\/wp\/v2\/media\/2840"}],"wp:attachment":[{"href":"https:\/\/politicalbourbon.com\/en\/wp-json\/wp\/v2\/media?parent=2841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/politicalbourbon.com\/en\/wp-json\/wp\/v2\/categories?post=2841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/politicalbourbon.com\/en\/wp-json\/wp\/v2\/tags?post=2841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}