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Biden Seeks to Curb Energy Costs; Manchin Urges Inflation Action

  • President to tout infrastructure plan as curb to inflation
  • Manchin signals concern after CPI data outpaces estimates
Bloomberg business news
U.S. Inflation Builds as CPI Jumps 6.2% From a Year Ago
Updated on

President Joe Biden said he’s directed his top economic aides to focus on reducing energy costs, which he blamed for accelerating U.S. inflation after a report showed the biggest surge in consumer prices in a generation.

A key Democratic voter in the U.S. Senate, meantime, warned that the report dashes any hope that rising prices are “transitory,” as administration officials have repeatedly argued.