Biden touted wages and forecasts for weaker price growth even after the consumer inflation report showed prices are rising at their fastest clip in 40 years.
President Joe Biden on Thursday touted wage growth and forecasts for weaker inflation even after a new report showed that prices are rising at their fastest clip in 40 years.
Biden's remarks came about two hours after the Labor Department reported that consumer prices rose 7.5% in the 12 months through January.on Thursday touted wage growth and forecasts for tapering inflation even after a new report showed that prices are still rising at their fastest clip in 40 years. "We will continue to fight for costs in areas that have held back families and working people for decades, from prescription drugs to child care and elder care to their energy costs," he added.
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