White House. Statement from Joe Biden on September 2024 PCE
President Biden announced that inflation has fallen to 2.1%, near the 2% target, without a recession, while the economy has grown over 12%—the fastest pace in any 21st-century presidential term. Inflation-adjusted incomes are up nearly $4,000, and gas prices have dropped to $3.13 per gallon, with prices below $3 in 21 states. Looking ahead, the…
