White House press sec says ‘we have done the work’ to lower costs for families amid record-high inflation

White House Press Secretary Karine Jean-Pierre said during Thursday’s press conference that “we have done the work” to lower costs for families amid record-high inflation.

Jean-Pierre said that the White House has done work over the past several months to lower costs for American families, and added that it will continue to “find ways” to lower costs.

“But look, we also understand that, you know, high costs are a really hurting families, which is why we have done the work that we have done these past several months and will continue to make sure we find that to lower costs for families,” Jean-Pierre.

The Labor Department’s consumer price index released on Tuesday, which measures prices for everyday items including groceries, rents, and gasoline rose 8.3% in August when compared to a year ago. 

SURPRISINGLY HOT AUGUST INFLATION DATA SOLIDIFIES ODDS OF ANOTHER JUMBO FED RATE HIKE

Since July, process have rose 0.1% in the same period.

Core prices rose 6.3% when compared to last year, which was higher than the 6.1% forecast from economists, and rose 0.6% on a monthly basis.

When asked for a response to the inflation report on Tuesday, which resulted in a 1,200 point dip to the Dow, President Biden said that the economy is “strong.”

WHITE HOUSE PRESS SEC CALLS REPUBLICAN GOVS SENDING MIGRANTS TO BLUE STATES ‘ILLEGAL STUNT’

President Biden speaks about inflation and supply chain issues in Los Angeles. 

“The stock market doesn’t necessarily reflect the state of the economy, as you well know. And the economy is still strong. Unemployment is low. Jobs are up. Manufacturing is good,” Biden said. “So I think it’s — I think we’re going to be fine.”

When pressed about the inflation number, Biden said he wasn’t concerned about the sluggish report.

CLICK HERE TO DOWNLOAD THE FOX NEWS APP

White House Press Secretary Karine Jean-Pierre holds the daily press briefing at the White House in Washington, D.C., U.S. August 25, 2022. 

“No, I’m not, because we’re talking about one tenth of 1 percent.  And, you know — anyway.  Thank you,” Biden said.

FOX Business’ Megan Henney contributed to this report.

Read the full article Here

Leave a Reply

Your email address will not be published. Required fields are marked *

DON’T MISS OUT!
Subscribe To Newsletter
Be the first to get latest updates and exclusive content straight to your email inbox.
Stay Updated
Give it a try, you can unsubscribe anytime.
close-link