Biden declared victory over inflation
2022.12.01 11:08
Biden declared victory over inflation
Budrigannews.com – After the US consumer spending data released on Thursday showed that inflation accelerated and inflation declined, US President Joe Biden said that the US was seeing the first evidence of progress in combating the crisis.
In a statement at the White House, Biden said: “We are seeing the first evidence that we are making progress in countering inflation, even as we transition to more stable economic growth.”
“Americans should be confident that our plans to combat economic inflation do not abandon all the achievements of historical economies achieved by American workers, they are working,” he added. “It takes time to bring inflation back to normal – and there may be failure on this road.”
