Audio Sources - Full Text Articles

Biden: Inflation coming down, more work to be done


U.S. President Joe Biden speaks as he visits the SK Siltron CSS facility in Bay City, Michigan, U.S., November 29, 2022. REUTERS/Evelyn Hockstein

President Joe Biden said on Tuesday that inflation in the United States was coming down and things were headed in the right direction even as more work remained to be done.

“I want to be clear, it’s going to take time to get inflation back to normal levels. As we make the transition to a more stable growth, we could see setbacks along the way as well. We shouldn’t take anything for granted,” he said.

Biden said his goal was to get price increases under control without hurting economic growth and to lower inflation while keeping the labor market resilient.