President Joe Biden on Wednesday said the latest report on inflation in the US shows there is more work to do on lowering consumer prices, which are threatening his domestic agenda and political prospects as he enters his second year in office.
Stubbornly high inflation has proved one of the biggest hurdles for Biden as he works to maintain what is otherwise a robust economic recovery amid a still-raging Covid-19 pandemic. It has stalled legislative work toward his sweeping social and climate spending bill and dragged down his approval ratings as Americans sour on his handling of the economy.
