- The largest share of increase in prices in today's CPI report is due to rising energy costs
- I have directed my National Economic Council to pursue means to try to further reduce these costs
- I have asked the Federal Trade Commission to strike back at any market manipulation or price gouging in this sector
- Other price increases reflect ongoing struggle to restore smooth operations in the economy in restart
- I want to reemphasize my commitment to independence of Fed to monitor inflation, and take steps necessary to combat it
- Going forward, it is important that Congress pass my Build Back Better plan
- We are making progress on our recovery
- Jobs are up, wages are up, home values are up, personal debt is down, and unemployment is down
- We have more work to do, but there is no question that economy continues to recover and is in much better shape today than it was year ago