Economics
Biden Says Inflation at ‘Peak’ And Should Soon Decline Rapidly
- President says gas, auto prices edging down since November
- Republicans point to latest inflation data as ‘Biden boom’
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President Joe Biden said that despite experiencing the most rapid inflation in almost 40 years in November, U.S. price increases have peaked and will decelerate more rapidly than Americans expect.
“It’s the peak of the crisis,” Biden told reporters at the White House on Friday. “I think you’ll see it change sooner than, quicker than, more rapidly than it will take -- than most people think.”