Post-Election Joe Biden Warns of Upcoming ‘Setbacks’ in the Economy

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Post-Election Joe Biden Warns of Upcoming ‘Setbacks’ in the Economy
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WASHINGTON, DC - NOVEMBER 18: U.S. President Joe Biden speaks during an event with business and labor leaders at the White House complex November 18, 2022 in Washington, DC. During the event, Biden discussed efforts his administration has made to strengthen the U.S. economy. (Photo by Win McNamee/Getty Images)
Win McNamee/Getty Images
Charlie Spiering18 Nov 2022339
1:26

President Joe Biden warned Americans on Friday to expect setbacks in his ongoing attempts to fix the economy.

“It’s going to take time to get inflation back to normal levels as we keep our job market strong, so we could see setbacks along the way,” he said at the White House, promising to stay “laser-focused” on the economy.

He also claimed that inflation at the grocery store was “down slightly,” even though the cost of food at home is up 12.4 percent from the previous year.

The president met with a group of business and labor leaders on his imitation White House video set to talk about the economy and delivered about seven minutes of remarks before sending the press out of the r