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Biden pledges to 'get inflation under control'
Biden pledges to 'get inflation under control'

Washington, Jan 20 (TIWN) US President Joe Biden has pledged to "get inflation under control" as American voters were increasingly "pessimistic" about the economy and "doubted his ability" to fix supply chain issues and tackle soaring prices.

The President on Wednesday has backed the central bank's plan to scale back monetary stimulus and fight inflation, Xinhua news agency reported.   "Covid-19 has created a lot of economic complications, including rapid price increases across the world economy," Biden has said at a press conference in the White House to mark his first year in office.  "A critical job in making sure that the elevated prices don't become entrenched rests with the Federal Reserve, which has a dual mandate, full employment and stable prices," Biden said.

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