President Joe Biden’s administration is working to fortify the economy amid steep inflation with efforts to shore up the supply chain and “invest in the capacity, both physical and human, of our economy to keep up with demand,” Transportation Secretary Pete Buttigieg said Sunday.
“The president has made clear inflation is his top economic priority, and he’s laid out a very clear strategy for doing that,” Buttigieg told “This Week” anchor George Stephanopoulos.
Buttigieg said the administration will “continue to take the steps that are both on the price side and on the growth side to keep our economy strong.”
A new ABC News/Ipsos poll shows the economy and inflation are top of mind for voters ahead of the 2022 midterms. Only 37% of Americans approve of Biden’s handling of the economic recovery, according to the poll.
The current inflation rate is at 8.3%, according to the most recent data from the Bureau of Labor Statistics. An updated number will be released on Friday.
