Skip to content

Biden Says Fight Against Consolidation Will Help Tame Inflation

  • Prices rose at fastest rate in four decades last year
  • White House touts progress on hearing aids, repairs, refunds
Video player cover image
Fixing Inflation Won't Be Easy, Says Biden
Updated on

President Joe Biden on Monday said his administration’s efforts to discourage greater corporate consolidation would help tame inflation, with the fastest price increases in four decades threatening the Democrats’ political future.

At a meeting with economic advisers the White House has dubbed his Competition Council, Biden promoted programs to reduce the prices of hearing aids and make it easier for consumers to repair their own telephones and other devices.