Biden addresses inflation as economists predict Fed will set aggressive interest rate hike
CNN
President Joe Biden on Tuesday sought to reassure the American people that tackling the worst inflation the nation has seen in decades remains a top priority as he addressed the AFL-CIO convention in Philadelphia.
The speech comes a day before the Federal Reserve could raise interest rates as much as three-quarters of a percentage point as it attempts to get inflation under control. The issue has been bedeviling Biden and his White House for months after they downplayed inflation concerns last year.
During the speech, Biden touted his administration's efforts to aid the nation's recovery from the coronavirus pandemic, including the Covid-19 relief bill and the bipartisan infrastructure law.
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