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US President Joe Biden is struggling with the issue of inflation as prices for items rise. Following the recent report on inflation, Biden said that more work needs to be done.
Biden said Wednesday that more work needs to be done following the latest report on inflation, which is putting his domestic agenda and political ambitions on the line as he enters his second year into the presidency. The US leader has struggled to maintain the country’s economic recovery amidst the ongoing COVID-19 pandemic. Inflation has proved to be one of the reasons why his social and climate infrastructure bill has currently reached a standstill in the Senate while his approval ratings drop.
It has also brought on questions regarding the predictions of the Biden administration early in 2021 that inflation would only be “transitory.”
The US leader has sought to maintain some optimism in his statement about the inflation report, saying that the country is making progress despite the problems inflation is creating in households. Biden said that the findings of the report meant that more work needs to be done.
“Inflation is a global challenge, appearing in virtually every developed nation as it emerges from the pandemic economic slump,” said the US leader. “America is fortunate that we have one of the fastest-growing economies – thanks in part to the American Rescue Plan – which enables us to address price increases and maintain strong, sustainable, economic growth. That is my goal and I am focused on reaching it every day.”
Meanwhile, Biden weighed in on the Supreme Court’s decision regarding vaccination requirements as his administration looks to increase vaccinations among the public. The Supreme Court ruled in favor of maintaining vaccine requirements for healthcare workers but ruled against vaccine requirements for large businesses.
Biden said that the states and individual employers should now be the ones to determine how to make the workplace safe for employees and residents.
“The court has ruled that my administration cannot use the authority granted to it by Congress to require this measure, but that does not stop me from using my voice as President to advocate for employers to do the right thing to protect Americans’ health and economy. I call on business leaders to immediately join those who have already stepped up – including one-third of Fortune 100 companies – and institute vaccination requirements to protect their workers, customers, and communities,” said Biden.
