Biden announces decrease in inflation rate

President Joe Biden has announced a significant decrease in inflation rates, marking a pivotal milestone.

“Today’s report shows inflation down to 2.5% – continuing at the lowest level in over three years,” he stated, highlighting the progress made under his administration.

This reduction in inflation underscores a crucial victory in the ongoing battle against rising prices, which have been a source of concern for both policymakers and consumers alike.

Despite this progress, President Biden acknowledged that there is still much work to be done. “Prices are still too high,” he remarked, acknowledging the economic challenges that continue to affect everyday Americans.

In a bid to further combat these challenges, Biden emphasized the administration’s commitment to several strategic initiatives aimed at sustaining economic growth and enhancing quality of life.

“Kamala and I are fighting to lower them by building 3 million homes, lowering drug costs, and investing in record energy production,” he explained.

These measures are part of a broader economic strategy designed to address key issues affecting American households. By focusing on increasing housing availability, reducing pharmaceutical costs, and boosting energy production, the Biden administration aims to create a more stable and affordable economic environment.

Related Posts

Community Op-Ed: Seasons change, but our priorities remain the same: Building record amounts of housing to make New York City more affordable

This autumn, the leaves aren’t the only things that are falling. The Adams administration has brought down the cost of child care, cut taxes for working-class families, and lowered unemployment…

Continue reading
Mayor Adams’ Report Shows Crime Declines, Housing Records, and Quality of Life Gains in NYC

New York City Mayor Eric Adams on Wednesday unveiled the Fiscal Year 2025 Mayor’s Management Report (MMR), detailing city agency performance between July 2024 and June 2025. The report highlights…

Continue reading

Leave a Reply

Your email address will not be published.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

You Missed

Community Op-Ed: Seasons change, but our priorities remain the same: Building record amounts of housing to make New York City more affordable

Community Op-Ed: Seasons change, but our priorities remain the same: Building record amounts of housing to make New York City more affordable

Bronx Residents Blast Councilmembers Over Bainbridge and Just Home Votes, Accuse Betrayal as Councilwoman Defends Position

Bronx Residents Blast Councilmembers Over Bainbridge and Just Home Votes, Accuse Betrayal as Councilwoman Defends Position

Community Op-Ed: The Adams Administration’s Report Card: A City Government That Works for All New Yorkers

Community Op-Ed: The Adams Administration’s Report Card: A City Government That Works for All New Yorkers

Gates Foundation Pledges $912 Million to Global Fund

Gates Foundation Pledges $912 Million to Global Fund

Mayor Adams Announces Automatic Rebates for Homeowners Buying NYC Bins

Mayor Adams Announces Automatic Rebates for Homeowners Buying NYC Bins

Mayor Adams Expands Trash Containerization to Brooklyn Community District 2

Mayor Adams Expands Trash Containerization to Brooklyn Community District 2