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Biden: Early signs of progress in easing inflation
The President of the United States, Joe Biden, said that the economic plan is working, saying that progress is being made in terms of easing inflation when statistics were released on the 1st local time that inflation is slowing down.
President Biden made a statement that day and said, “We are seeing early signs of progress in tackling inflation even as we transition to more consistent and stable economic growth.”
However, he also noted that “it will take time to get inflation back to normal, and there may be setbacks along the way.”