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Biden Headlines Ahead Of Post-Inflation Speech

US

There will potentially be more information with President Biden’s speech at 1345ET, seemingly still with a focus on the oil & gas industry when it comes to trying to dampen inflation. It follows WH Economic Adviser Rouse saying earlier that Biden is giving the Fed space to act and has confidence in the Fed.

*BIDEN: INFLATION NOT COMING DOWN AS QUICKLY AS WE MUST SEE - bbg

*BIDEN: GOOD TO SEE CRITICAL CORE INFLATION MODERATING - bbg

*BIDEN: WILL DO EVERYTHING WE CAN TO LOWER PRICES IN US - bbg

*BIDEN: WE ALL HAVE WORK TO DO TO GET INFLATION DOWN - bbg


*BIDEN: WORKING WITH OIL INDUSTRY TO BOOST OUTPUT IN US - bbg

*BIDEN: US ON TRACK TO PRODUCE A RECORD AMOUNT OF OIL NEXT YEAR - bbg

*BIDEN: OIL, GAS FIRMS SHOULDN'T MAKE EXCESSIVE PROFITS - bbg

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