November 27, 2023
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0:50Now PlayingPresident Joe Biden took credit for easing supply-chain pressures and lowering inflation ahead of the holiday shopping season, while acknowledging he must do more to help US consumers battered by high prices.
“We know the prices are still too high for too many things, that times are still too tough for too many families,” Biden said Monday at the White House. “We’ve made progress, but we have more work to do.”
Biden accused companies of keeping prices for consumer goods artificially high, even as supply-chain problems receded.
“Let me be clear to any corporation that has not brought their prices back down, even as inflation has come down, even as supply chains have been rebuilt — it’s time to stop the price gouging,” Biden said.
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