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From the opinion pages of the Wall Street Journal, this is Potomac Watch.

Inflation falls again in December to 6.5% on an annual basis, and that makes six months in a row.

Has the Federal Reserve finally got prices under control, and does this mean the United States economy can skirt a recession in 2023?

Plus, Joe Biden's age discovered a second batch of classified documents this time in his garage at his home in Wilmington next to his Corvette.

The president isn't making life any easier for Attorney General, Mayor Garland, as he decides how to handle the dueling document cases of Donald Trump and Joe Biden.

Welcome. Joe Sternberg and Kim Strassel, my editorial page colleagues, I'm Paul Gigo.

Let's talk first about this inflation number following the 6.5% in December on an annual basis actually, prices fell overall 0.1% in the month.

And President Biden leapt on the good news. Let's listen.

Today we've got some good news. Good news about the economy for the 6 month in a row.

Inflation has come down measured over the last 12 months and has fallen 6.5 to 6.5%.

That's down from 7.1% the month before. It's down from 9.1% this summer.

Inflation is now at its lowest level since October of 2021.

When we look at the just the last three months, we see the inflation fell to 1.8% on an annualized basis.

It's down from more than 11% in the first three months of last year.

So the data is clear. Even though inflation is high and major economies around the world is coming down in America month after month.

He's right there coming down. The prices are coming down. Of course, they were the worst inflation in 40 years for most of last year.

And 6.5% is hardly anything to cheer about since it's still a very high price level increases.

And imposing a lot of pain on people. But as President right to crow here and are we out of the woods on inflation?

Well, I mean, look, you can't blame a guy for trying. And if I were the president, I would try to claim credit for any good economic news I could find too.

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