Biden cites progress in tackling U.S. inflation

  • In US
  • 2022-12-01 15:00:22Z
  • By Reuters

(Reuters) - The United States is seeing initial signs of progress in tackling inflation, President Joe Biden said after U.S. consumer spending data released on Thursday showed spending accelerated while inflation pressures moderated.

"We are seeing initial signs that we are making progress in tackling inflation, even as we make the transition to more steady, stable economic growth," Biden said in a statement released by the White House.

"It will take time to bring inflation back to normal - and there could be setbacks along the way - but the American people should have confidence that our plan to tackle inflation, without giving up all the historic economic gains American workers have achieved, is working," he added.

(Reporting by Ismail Shakil in Ottawa; editing by Susan Heavey in Washington)


More Related News

Stossel: Pompeo is a surprising politician
Stossel: Pompeo is a surprising politician
  • World
  • 2023-02-04 10:01:49Z

Former Secretary of State calls Putin a thug, but said it's the head of the teachers' union who is event scarier than the dictators

France urges
France urges 'transparency' over US climate subsidies

French Economy Minister Bruno Le Maire has called for "transparency" between the United States and Europe over the controversial granting of green subsidies ...

US proposes first-ever limits on sugar in school meals
US proposes first-ever limits on sugar in school meals

The government wants to cut back on sweet and salty foods, but critics say children will eat fast food instead.

China's balloon over the U.S. seen as bold but clumsy espionage tactic
  • US
  • 2023-02-04 02:05:44Z

WASHINGTON (Reuters) -China's flight of a suspected surveillance balloon over the United States appears to mark a more aggressive - albeit puzzling...

Top US diplomat says China balloon over US is
Top US diplomat says China balloon over US is 'unacceptable'

The US secretary of state abruptly cancels a trip to Beijing over the "violation of our sovereignty".

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply


Top News: US