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Biden vows to ‘do more’ to fight historic inflation but offers few solutions

Posted by kljy-hd3 on June 13, 2022 in Featured, National News | Leave a response

Christian Datoc, White House correspondent for The Washington Examiner

President Joe Biden released a grim statement in response to the latest Consumer Price Index report.

The Bureau of Labor Statistics announced Friday that year-over-year inflation rose to 8.6% in May, ahead of the 8.2% projections. Prices across nearly all sectors, including energy, food, and housing, saw increases.

“Today’s report underscores why I have made fighting inflation my top economic priority. While it is good to see critical ‘core’ inflation moderating, it is not coming down as sharply and as quickly as we must see,” the president wrote. “Even as we continue our work to defend freedom in Ukraine, we must do more — and quickly — to get prices down here in the United States.”

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Posted in Featured, National News | Tagged Christian Datoc, economy, inflation, Joe Biden, NewsTalk STL, Politics, Washington Examiner

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