Biden Calls Inflation Spike a ‘Bump in the Road’

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Bloomberg Politics published this video item, entitled “Biden Calls Inflation Spike a ‘Bump in the Road'” – below is their description.

President Joe Biden said that despite experiencing the most rapid inflation in almost 40 years in November, U.S. price increases have peaked and will decelerate more rapidly than Americans expect. 

“It’s the peak of the crisis,” Biden told reporters at the White House on Friday. “I think you’ll see it change sooner than, quicker than, more rapidly than it will take — than most people think.”

Bloomberg Politics YouTube Channel

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Bloomberg Politics produces English language political stories from around the world, from a US perspective. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

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