Biden Addresses Inflation After Rates Hit 40-Year High
June 10, 2022
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2:34Now PlayingBiden Addresses Inflation After Rates Hit 40-Year High
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as posted by the channelThe White House’s argument that policy makers are effectively handling the cost-of-living surge was dramatically punctured Friday morning, as inflation unexpectedly hit a fresh 40-year high and consumer sentiment tumbled to a record low.
“Today’s report underscores why I have made fighting inflation my top economic priority,” President Joe Biden said in a statement Friday. “While it is good to see critical ‘core’ inflation moderating, it is not coming down as sharply and as quickly as we must see.”
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