Fixing Inflation Won’t Be Easy, Says Biden

Bloomberg Politics published this video item, entitled “Fixing Inflation Won’t Be Easy, Says Biden” – below is their description.

“The inflation has everything to do with the supply chain,” President Joe Biden said Wednesday at a press conference. He talked about how the administration is dealing with rising consumer prices for beef and gasoline.

Bloomberg Politics YouTube Channel

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About This Source - Bloomberg Politics

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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In This Story: Inflation

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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In This Story: Joe Biden

Joe Biden is an American politician serving as the 46th and current president of the United States. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 under Barack Obama and represented Delaware in the United States Senate from 1973 to 2009.

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In This Story: supply chain

In commerce, a supply chain is a system of organizations, people, activities, information, and resources involved in supplying a product or service to a consumer.

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