Speaking at the busy Port of Los Angeles on Friday, President Joe Biden highlighted his effort against record-high price increases and his attempts at easing supply chain backlogs as inflation rose to its highest level in decades last month.
“I understand Americans are anxious,” he said. “America should also understand our economy has unique strengths that we can build on. The job market is the strongest it’s been since World War Two, notwithstanding inflation.”
“I count recovery as going from where we are today in terms of the economy to stability,” he said. “It is strong as can be, but for inflation, but for gas and food.” And Biden on Friday also pointed to his administration’s work on ports specifically, making them a core focus of a White House supply chain task force and itsas demand continues to outpace supply. Biden once again highlighted the 2021 holiday season — when around 97% of goods were delivered on time — as a win.
“We’ve reduced those ships that have been waiting to get into the port by 75% this year,” Seroka said. “These guys are really working because we’ve got strong consumer demand still.”
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