LIVE: President Biden holds discussion on Inflation Reduction Act

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Yahoo Finance published this video item, entitled “LIVE: President Biden holds discussion on Inflation Reduction Act” – below is their description.

#us #inflation

US President Joe Biden hosts a roundtable event with business and labour leaders to discuss how the Inflation Reduction Act can lower costs for families and businesses, lower the deficit, fight inflation, lower energy costs, and bolster domestic manufacturing.

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In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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