Biden Urges Action on Grocery Prices Amid Broader Inflation Worries
• Biden demands supermarkets lower prices despite supply chain issues and inflation being beyond their control
• Prices for staples like eggs and milk up 16% in 2 years, putting pressure on struggling Americans
• Biden blames retailers though factors like avian flu, Fed policies, tight labor market also contribute
• Kroger executive suggests merger with Albertsons could lower prices, but FTC likely to block on competition grounds
• Despite Biden's economic anxieties, IMF predicts resilient 2023 US growth of 2.5% due to productivity boom and accumulated pandemic savings