President Joe Biden on Wednesday responded to a consumer price index report that showed US consumer prices were his biggest jump in more than 30 years, saying that “there is more work to do before our economy returns to normal,” and using the opportunity to urge lawmakers to pass his Build Back Better plan.
Biden said Statement That reversing the 0.9% increase in inflation over the past month is a “top priority”, but argued that there is “no question” that the economy is “in a better position than it was a year ago”.
Biden said he has instructed the National Economic Council to find ways to reduce energy costs, which account for the biggest part of rising costs. report good,
He asked the Federal Trade Commission to “strike back” over market manipulation or price increases in the energy sector.
According to Biden, the recently passed infrastructure bill will cut costs by making some goods more available—and less expensive—by easing supply chain issues.
He urged Congress to pass his Build Back Better plan, arguing it would lower the cost of health care and prescription drugs and cut taxes for 50 million Americans.