Biden to address the nation as inflation hits 31-year high

[enhanced_deficit]

Nov 23, 2021
9.34am

Biden to address the nation as inflation hits 31-year high

Greetings, live blog readers.
Joe Biden will deliver a speech this afternoon on the state of the US economy and the need to lower prices for American families.
The president’s speech comes as inflation has hit a 31-year high, with prices increasing by 6.2% over the past 12 months. That’s the fastest acceleration since December 1990.

And Americans are growing more concerned about high prices as they continue to rise. According to a poll conducted by the progressive firm Navigator Research earlier this month, 54% of Americans now say the cost of groceries and gas is a “major crisis”.

Democrats worry inflation could imperil agenda and congressional majorities

Joe Biden’s nominees for the Federal Reserve board have also pledged to tackle inflation aggressively if they are confirmed by the Senate.
Jerome Powell, who has been nominated to a second term as the chair of the Fed board, said yesterday, “We know that high inflation takes a toll on families, especially those less able to meet the higher costs of essentials, like food, housing and transportation.”

Jerome Powell speaks as Lael Brainard listens during an announcement. Photograph: Alex Wong/Getty Images Powell, who was first nominated by Donald Trump, said he would use the tools of the central bank “to prevent higher inflation from becoming entrenched”.

Dr Lael Brainard, Biden’s nominee for vice-chair of the board, echoed that message, saying, “I’m committed to putting working Americans at the center of my work at the Federal Reserve. This means getting inflation down at a time when people are focused on their jobs and how far their paychecks will go.”
theguardian.com/us-news/live/2021/nov/23/joe-biden-economy-inflation-speech-us-politics-latest

[Madison320]

Nov 23, 2021
9.34am

Biden to address the nation as inflation hits 31-year high

Greetings, live blog readers.
Joe Biden will deliver a speech this afternoon on the state of the US economy and the need to lower prices for American families.
The president’s speech comes as inflation has hit a 31-year high, with prices increasing by 6.2% over the past 12 months. That’s the fastest acceleration since December 1990.

And Americans are growing more concerned about high prices as they continue to rise. According to a poll conducted by the progressive firm Navigator Research earlier this month, 54% of Americans now say the cost of groceries and gas is a “major crisis”.

Democrats worry inflation could imperil agenda and congressional majorities

Joe Biden’s nominees for the Federal Reserve board have also pledged to tackle inflation aggressively if they are confirmed by the Senate.
Jerome Powell, who has been nominated to a second term as the chair of the Fed board, said yesterday, “We know that high inflation takes a toll on families, especially those less able to meet the higher costs of essentials, like food, housing and transportation.”

Jerome Powell speaks as Lael Brainard listens during an announcement. Photograph: Alex Wong/Getty Images Powell, who was first nominated by Donald Trump, said he would use the tools of the central bank “to prevent higher inflation from becoming entrenched”.

Dr Lael Brainard, Biden’s nominee for vice-chair of the board, echoed that message, saying, “I’m committed to putting working Americans at the center of my work at the Federal Reserve. This means getting inflation down at a time when people are focused on their jobs and how far their paychecks will go.”
theguardian.com/us-news/live/2021/nov/23/joe-biden-economy-inflation-speech-us-politics-latest

Who could've seen this coming?

[Occam's Banana]

Dr Lael Brainard, Biden’s nominee for vice-chair of the board, echoed that message, saying, “I’m committed to putting working Americans at the center of my work at the Federal Reserve. This means getting inflation down at a time when people are focused on their jobs and how far their paychecks will go.”

https://twitter.com/checkmatestate/s...94115726725128

[jkr]

"you know, you could just be POOR" -JoJo XiDen

or

"why dont you fuggers just dye?"- same azzhole