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Statement by President Biden on Consumer Price Index in April
While it is heartening to see that annual inflation moderated in April, the fact remains that inflation is unacceptably high. 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. I thank the Senate for confirming Dr. Lisa Cook to the Board of Governors last night, and urge the Senate to confirm my remaining nominees without delay. While I will never interfere with the Fed’s independence, I believe we have built a strong economy and a strong ... (full story)
Added at 10:15am
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US Pres. Biden: Confident Fed Will Do Its Job On Inflation
— LiveSquawk (@LiveSquawk) May 11, 2022
- Inflation Still ‘Unacceptably High’
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