President Joe Biden Thursday’s hype Latest inflation report He gave opening remarks at a much-anticipated personal news conference in Washington.
“Just this morning, we released an excellent economic report showing a decline in inflation,” he said. “Overall, prices fell last month. Core inflation reached its lowest level in three years.”
this consumer price index The U.S. Department of Labor reported Thursday morning that the unemployment rate fell 0.1% in June from May. this is the first time monthly inflation rate It has been declining for more than four years.
“The prices of cars, appliances and plane tickets are falling. Grocery prices have dropped since the beginning of the year,” the president said. “We will continue to work hard to eliminate corporate greed to further reduce prices.”
Biden later criticized the former president Donald TrumpProposed economic policies, including 10% base tariff All USA imported products.
“At the same time, Trump calls for 10% tariff Everything Americans buy, including food, vegetables and other necessities from overseas,” he said.economists tell us This would cost American working families an average of $2,500 more per year.
this press conference This is a high-stakes event for the president, who has been facing Call to drop out of school He looks ahead to 2024 after his impressive performance in the competition last month First debate with Trump.
