Joe Biden elevates the fight against inflation to the rank of "high national priority"

On the other side of the Atlantic, gasoline prices at the pump have reached a new record because of the war in Ukraine.

"My biggest national priority". Joe Biden promised on Tuesday May 10 to do everything to stem the rise in prices which is weighing on households (and on his popularity). On the other side of the Atlantic, gasoline prices at the pump reached a new record the same day due to the war in Ukraine.

“I want every American to know that I take inflation very seriously,” said the American president, who blamed the Covid-19 pandemic and the conflict in Ukraine. After announcing Monday a drop in internet subscription prices, Joe Biden this time insisted on the role of “the Federal Reserve (Fed), which plays a key role in the fight against inflation in our country” . The US central bank has already started to raise its key rates to slow consumption and investment.

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