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Inflation in the US coming under control, but more work still to be done: Biden

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United States 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.

Inflation in the United States slowed again last month in the latest sign that price increases are gradually cooling despite the pressures they continue to inflict on American households.

For more info, please go to https://globalnews.ca/news/9344670/us-inflation-november-easing/

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U.S. & Canada
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