‘We’re Going To Continue To Fight Inflation’: White House Reacts To Report Showing Inflation Easing
Karine Jean-Pierre answers a question about inflation after reports show it easing.
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NewsTranscript
00:00 On the inflation report, obviously it was positive for you guys, but we're still seeing inflation above normal levels, despite everything the administration and the Fed is doing.
00:11 Do you have a sense of when households can expect to see prices stabilize?
00:16 So look, here's what I can tell you what we're going to continue to do is make sure that we are, when it comes to our priority as it relates to the economy, we want to make sure that we're fighting inflation and continue to do so.
00:27 And so we understand we have a lot more work to do. We get that. But I would state that inflation is down more than 60% with the lowest core inflation in three years and grocery prices fell over the last three months.
00:38 Wages are up more than the prices over the last year and since the pandemic, more than 15 million jobs created and unemployment is under 4%.
00:46 And that is the longest stretch that we have seen in over 50 years. So we are seeing some progress, some macro economic progress.
00:54 We understand that there are Americans and families that are still struggling. That's why the president continues to do everything that he can to lower costs, whether it's insulin at 35 bucks for seniors and calling for that to be for all Americans and a plan to build 2 million new homes, lower child care costs.
01:11 This is what the president is trying to do and has been very clear about his plan for Americans as it relates to the economy. And again, in contrast to what GOP is trying to do, cut Medicare, cut Social Security, cut Medicaid, make sure that they want to make sure that there's a tax break for billionaires and corporations.
01:29 That's not what this president is about. So the work continues. We're going to continue to fight inflation. We're going to continue to be really focused on that. And that's what you're going to see from this administration.