President JoeBiden celebrates Federal Reserve's preferred inflation report on Christmas Eve eve
President Joe Biden said Friday that the November personal consumption expenditures price index shows that the economy is"recovering and remaining resilient."
"Once again, we are seeing signs of our economy recovering and remaining resilient. Today’s report shows that incomes are up and inflation is coming down — while our job market remains strong," Biden wrote in his statement."Christmas arrives with gas prices down and grocery store prices showing the lowest increase in a year.
The White House has dodged questions as of late regarding Biden's economic policies and whether the Fed's rate hikes across 2022 are responsible for lowering prices for families.
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