Biden On Inflation News: ‘My Economic Plan Is Showing Results’ 

US President Joe Biden speaks at a Democratic National Committee event at the Columbus Club in Union Station, Washington, DC, November 2, 2022. (Photo by Jim WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)

At a glance

  • “Today’s report shows that we are making progress on bringing inflation down, without giving up all of the progress we have made on economic growth and job creation,” Biden said in a statement from the White House.
  • “My economic plan is showing results, and the American people can see that we are facing global economic challenges from a position of strength.”
  • The commander-in-chief also dismissed concerns about elevated gas prices, neglecting to mention the spike in energy costs and instead remarking that prices at the pump have fallen $1.20 since their peak in the summer.

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