Biden Says Inflation Has Been ‘Moderated’
Do you see that inflation has been "moderated" at all?
Transcript:
Biden: “But make no mistake about it, I understand inflation is a real challenge to American families. Today’s inflation report confirmed what Americans already know. Putin’s price hike is hitting America hard. Gas prices at the pump, energy and food prices account for half of the monthly price increases since May. Inflation outside of energy and food, what economists call core inflation, moderated the last two months — not enough, but it moderated, it’s come down. And we need it to come down much more quickly. My administration will continue to do everything we can to lower the prices for the American people and the Congress has to act, and they have been of lately.”
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