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8/19, 6:26 PM (Source: TeleTrader)
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Biden: We see signs of progress on inflation, gas prices

United States President Joe Biden asserted on Friday that his administration continues to see positive signs about gasoline prices and overall inflation going down.

"My infrastructure law and Chips and Science law are already bringing investments to make more here in America and create good jobs, and the Inflation Reduction Act will build on that even further," Biden said in a release published by the White House.

The statement follows an assessment released by the Federal Reserve earlier this week, which noted interest rate hikes could slow down in the coming months due to policy tightening measures already cooling record inflation readings.

Baha Breaking News (BBN) / ND