Complete Story
11/11/2021
Biden Changes Tone and Walks a Delicate Line on Inflation
He has turned away from insisting inflation is only temporary
Rising consumer prices have quickly become one of the White House's most urgent concerns as Americans grow unsettled at the higher cost of goods -- and place the blame on President Joe Biden.
The President has convened meeting after meeting of his top economic advisers to debate the matter, and aides now discuss multiple times per week how to address the supply chain crisis and shortages of goods that are driving up the cost of nearly everything.
In his public messaging, Biden has turned away from insisting inflation is only temporary, something he said repeatedly over the summer. Instead, he has frankly acknowledged that higher prices are obscuring the benefits -- like jobs roaring back, wages rising and the stock market surging -- of a post-pandemic boom.
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