Biden Calls for ‘Long Term’ View on Economy as Inflation Soars to 31-Year High

Biden Calls for ‘Long Term’ View on Economy as Inflation Soars to 31-Year High
President Joe Biden departs after speaking during a visit at the Port of Baltimore, Wednesday, Nov. 10, 2021. AP Photo/Susan Walsh
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President Joe Biden spoke to the nation’s increasing rate of inflation amid global supply chain issues in an address at the Port of Baltimore on Nov. 10.

A Department of Labor report released earlier the same day showed that in the 12 months through October the consumer price index surged 6.2 percent, the largest year-on-year increase since November 1990.