Biden Takes Action Against Price-Gouging and Inflation

President Joe Biden criticized corporations for maintaining artificially high prices despite a slowdown in inflation and improved supply chains. While the rate of inflation has cooled, it does not necessarily mean consumer prices are falling. Biden called for an end to price-gouging and urged corporations to give American consumers a break. The White House has been touting these trends as victories for Biden's economic agenda, but public perception of his handling of the economy remains low. Biden launched a new Supply Chain Resilience Council and announced initiatives to address supply chain pressures and prevent future shortages.