President Joe Biden is speaking from the White House at 10 a.m. on Thursday to deliver remarks on the economy and inflation rates. His comments come as annual inflation slowed to 6.5% in December, a sign that the price pressures that have wracked the economy over the past year are easing.
Meanwhile, “core inflation,” which omits food and energy prices, grew 0.3% in December. The economy added 223,000 more jobs last month, according to a report from the Bureau of Labor Statistics last week — a strong performance that shows commerce is holding up despite the headwinds. The unemployment rate fell to 3.5%, tied for the lowest rate since the late 1960s.
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Original Author: Cami Mondeaux
Original Location: WATCH LIVE: Biden delivers remarks on economy and inflation