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Economic Indicators

Inflation may be easing, Biden says in response to jobs report

09/02/2022

Less than a minute

2022.09.02 18:50

Inflation may be easing, Biden says in response to jobs report

President Joe Biden said on Friday that there are some signs that inflation may be easing, as he responded to the Labor Department’s report that jobs increased by 315,000 last month.

“The bottom line is jobs are up, wages are up, people are back to work. And we’re seeing some signs that inflation may be, may be – I’m not over-promising – may be beginning to ease,” Biden said at a White House event.

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