President Joe Biden will deliver remarks on inflation Tuesday, a White House official said, as his administration looks to further address one of the key economic concerns for voters heading into November’s midterm elections.
"He'll detail his plan to fight inflation and lower costs for working families, and contrast his approach with Congressional Republicans' ultra-MAGA plan to raise taxes on 75 million American families and threaten to sunset programs like Social Security, Medicare, and Medicaid," the official said in an email.
Read More"It's our job to make sure that inflation of that unpleasant high nature doesn't get entrenched in the economy," Federal Reserve Chairman Jerome Powell said last week, just after he announced a half-point interest rate hike to combat inflation. Still, Americans are struggling with rising costs everywhere from the grocery store to the gas pump.
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