President Joe Biden claimed the U.S. economy is “strong” and claimed other countries are worse off in dealing with soaring inflation.
During a visit to Oregon on Saturday, Biden was asked by reporters about inflation and the surging U.S. dollar.
“I’m not concerned about the strength of the dollar, I’m concerned about the rest of the world. Does that make sense?” Biden asked in response. “Our economy is strong as hell,” he added. “It’s worldwide inflation that’s consequential.”
Biden’s remarks come as the consumer price index hit 8.2 percent year-over-year in September, running hotter than some analysts had anticipated, and nearing 40-year highs as well as recent concerns expressed by CEOs that a recession is looming. The producer price index, another inflation metric, reached 8.5 percent in September, rising 0.4 percent from August, according to Bureau of Labor Statistics figures….