Biden says uptick in consumer good prices temporary


Reuters | Cincinnati | Updated: 22-07-2021 09:25 IST | Created: 22-07-2021 06:22 IST
Biden says uptick in consumer good prices temporary
US President Joe Biden Image Credit: ANI
  • Country:
  • United States

U.S. President Joe Biden said the current uptick in consumer prices will be short-lived as the U.S. economy emerges from the global COVID-19 crisis, adding that his economic plan will reduce inflation over the long term.

Biden, speaking at a town hall event in Ohio, said restaurants and the tourism industry may be "in a bind for a while" as employees shift into other higher-paying sectors.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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