United States President Joe Biden this Thursday next week will announce new actions to combat high gasoline prices in the country.
” fuel price it’s still too high, we have to keep working to bring it down. I’ll tell you more details next week.” Biden reassured him at an event in Los Angeles, according to a statement from the White House.
Biden also said that his target “We have made further progress in reducing prices in all areas”. Prior to that, he highlighted the progress of inflation in the country. “Today’s report shows some progress.. In general, inflation is 2 percent in recent months; “This is down 11 percent in the previous three months,” Trump said.
However, the White House declined to comment. What measures can Biden take to mitigate higher prices?
Biden made these remarks this Thursday after a new government report showed persistently high inflation. The basic consumer price index, which excludes the most volatile food and energy prices, reached its highest level in the last 40 years with 6.6 percent year-on-year in September, according to Bloomberg.