Biden Tries To Calm Fears As Inflation Continues To SoarShelby Talcott
Senior White House Correspondent
February 10, 2022 11:10 AM ET
President Joe Biden tried to calm fears Thursday after the Consumer Price Index (CPI) report showed a continued rise in inflation.
“We will make it through this challenge,” Biden told Americans in a statement.
The U.S. Bureau of Labor Statistics (BLS) shows the CPI increased 0.6% in January, marking a 7.5% growth on a year-over-year basis. Economists had projected the index would increase to around 7.2%.
The president issued a statement Thursday morning, highlighting his priorities and trying to focus on his administration’s “historic success.”
“My two top economic priorities have been to create a growing economy with more good-paying jobs, and to lower the prices Americans have faced from the global problem of inflation related to the pandemic,” Biden said. “We have seen historic success on the first priority, with the greatest year of job growth in history, Americans finding better jobs, better wages, and better benefits, along with the fastest economic growth in decades.”
The president also tried to reassure Americans that the challenge of inflation has a light at the end of the tunnel.
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