Posted 11/29/2023, 8:15:53 PM
Biden Administration Seeks to Address Inflation and Supply Chain Issues
- White House launches Council on Supply Chain Resilience to strengthen supply chains and lower costs
- Inflation has fallen but remains high at over 3%; Biden warns companies to lower prices further
- Biden and WH Press Secretary accuse companies of "price gouging", confusing disinflation and deflation
- Inflation rose dramatically due to COVID supply issues and government spending, not corporate greed
- Biden targeting companies to show voters he's fighting inflation ahead of 2024 election