President Joe Biden has said he plans to change nothing in the coming months and that Americans will just have to wait for inflation to go down.
"Biden defended his economic policies as data showed consumer prices continued to climb in October," reports Breitbart.
"It will take time to get inflation back to normal levels – and we could see setbacks along the way – but we will keep at it and help families with the cost of living," Biden said.
Biden Urges Patience On Inflation
"The Labor Department’s consumer price index rose by 0.4 percent from September. The Consumer Price Index (CPI) is up 7.7 percent year-over-year. Food prices at home rose 0.4 percent in October, which is lower than the 0.7 rate in August and September but still rising," reported Breitbart.
Biden encouraged patience, saying that "we are seeing progress in getting inflation under control."
"Biden’s message was starkly different than the one he sent Americans last year when he said that inflation was only 'temporary,'" reported Breitbart.
During a press conference at the White House, President Biden was extremely cautious about his ability to lower inflation.
"What I can’t do is I can’t guarantee that we’re going to be able to get rid of inflation, but I do think we can," Biden said.
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Source: Breitbart
