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  • U.S. President Biden: Inflation hurts Americans pocketbooks, and reversing this trend is top priority for me
Ekonomické zprávy
10.11.2021

U.S. President Biden: Inflation hurts Americans pocketbooks, and reversing this trend is top priority for me

- 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

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