Fox Host Bursts into Laughter After Fmr. Obama Econ Adviser Claims Inflation Was ‘9-10 Percent’ When Biden Took Office

EXCERPT:

SMITH: "Robert, what was inflation when Biden took office?"
WOLF:" I think it was probably 9, 10%?
SMITH: (Laughs)
HOLTZ-EAKIN: "No, no, no. Come on."
SMITH: "Come on, Robert. All right — "
WOLF: "But more importantly, it's 3% now, so it's down by two thirds."