Inflation is top priority, Biden says, slamming GOP

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President Joe Biden speaks about his plan to fight inflation and lower costs for working families. Biden acknowledged the pain felt by Americans from the highest inflation in four decades, calling it his "top domestic priority," which is being addressed by the Federal Reserve.
  • President Joe Biden said fighting inflation is his top domestic priority.
  • Republicans see inflation as their best issue for this year’s midterm elections.
  • Biden accused Republicans of not having a plan to lower prices.

WASHINGTON – President Joe Biden sought Tuesday to ease fears over inflation, promising that tackling rising prices is his top domestic priority and accusing Republicans of having no plan to offer Americans relief.

“They don’t want to solve inflation by lowering your costs,” Biden said at the White House. “They want to solve it by raising your taxes and lowering your income.”

He called inflation the nation’s top economic challenge, blaming the twin challenges of a “once-in-a-century pandemic” and the war in Ukraine.

“I want every American to know that I’m taking inflation very seriously, and it’s my top domestic priority,” Biden said. 

Americans are grappling with the worst inflation in 40 years, fueled by surges in gas, food and rent costs.

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