Biden: Core Inflation Fell To Lowest Level In Two Years, Touts 'Bidenomics'

US President Joe Biden has issued a statement on today's CPI print, arguing that the, "report shows core inflation fell to its lowest level in two years."

• Biden: "Overall inflation is down by 60% from its peak at a time when unemployment has remained below 4% for 20 months in a row and the share of working-age Americans in the workforce is the highest in 20 years."
• Biden: "That's Bidenomics in action. I'll continue to fight to build an economy from the middle out and bottom up, even as Republicans in Congress make reckless threats to weaken our economy, prioritize tax cuts for the wealthy and large corporations, and push for deep cuts to programs that are essential for hardworking Americans and seniors."
• At 16:30 ET 21:30 BST, Biden will meet with CEOs, "to hear their perspectives on the economy, discuss his Administration’s progress implementing his historic agenda, and highlight how Bidenomics is growing the economy..."
• Bloomberg reports that invitees, including CEOs of IBM, Amex, and Catalyst Partners will discuss, "the state of the economy, implementation of the president’s agenda and what additional actions the government should pursue to encourage growth."