Biden: Inflation still unacceptably high

Biden: Inflation still unacceptably high
# 11 May 2022 19:42 (UTC +04:00)

United States President Joe Biden stated on Wednesday that the country's annual inflation, which came in at 8.3% in April, remains "unacceptably high" despite showing signs of moderation, APA reports citing Teletrader.

"As I said yesterday, inflation is a challenge for families across the country and bringing it down is my top economic priority. This starts with the Federal Reserve, which plays a primary role in fighting inflation in our country," his statement read. "Beyond the Fed, my inflation plan is focused on lowering the costs that families face and lowering the federal deficit."

"Congressional Republicans talk about inflation, but their only plan is to raise taxes on working families, taking even more money out of their pockets. If they are serious about inflation, they should send me the bipartisan innovation bill to bolster our supply chains and make more in America, along with legislation that cuts costs and the cuts the deficit, reducing families' prescription drug and utility bills and restoring fairness to our tax code," Biden stressed.

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