If honors were given for dubious economic merit, the June inflation rate might take the gold. According to Trading Economics, inflation hit 9.1 percent midway through 2022, not only above expectations of 8.8 percent, but also the highest since November of 1981.
https://tradingeconomics.com/united-states/inflation-cpi
Meanwhile, President Joseph Biden in a July statement vowed to bring down the price of gas, urge Congress to pass consumer cost-reduction legislation and give full rein by the Federal Reserve “to combat inflation.” (In fact, it did raise the federal funds rate another 75 basis points in July.)