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President Biden: "The Biden Economic Plan Is Working"

US

US President Joe Biden has issued a statement on today's jobs report, stating "his economic plan is working" and commending Congress for passing legislation to suspend to federal debt ceiling.

  • Biden: "Today is a good day for the American economy and American workers. We learned this morning that the economy created 339,000 jobs last month. We have now created over 13 million jobs since I took office. That is more jobs in 28 months than any President has created in an entire 4-year term."
  • Biden: "Meanwhile the annual inflation rate has fallen for 10 months in a row, and it's down more than 40 percent since last summer. During that time, take-home pay for workers has gone up, even after accounting for inflation."
  • Biden: "In short, the Biden economic plan is working. And due to the historic action taken by Congress this week, my economic plan will continue to deliver good jobs for the American people in communities throughout the country. I look forward to signing the bipartisan budget agreement into law."
  • Biden is scheduled to deliver remarks on the debt ceiling legislation this evening at 19:00 ET 00:00 BST (LINK)
USHomepagePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
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