US President Biden put the fight against inflation at the top of his agenda which has reached the highest level since 1990.
US President Joe Biden went to Baltimore to celebrate the passing of the infrastructure investment package from Congress. Biden said he will put the fight against inflationat the top of his agenda which has reached the highest level since 1990.
Speaking at the Port of Baltimore, Biden said: “Consumer prices continue to be very high. We continue to face challenges that we still have to deal with. Bringing back inflation is my top priority,” he said.
Biden emphasized that the $1.1 trillion infrastructure investment package will help alleviate supply shortages and fight inflation. In his speech, President Biden also gave information about the meeting he held with the executives of the leading retail and cargo companies of the USA on Tuesday, and stated that the big retailers assured him that there would be enough products on the store shelves and in stock during the holiday seasons.
Walmart, UPHS, FedEx, and Target Corp CEOs were among the executives of retail and shipping companies who met with Biden at the White House. The meeting focused on accelerating deliveries and lowering prices for consumers.
