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Biden Says America’s Supermarkets Will Be “Stocked” By Christmas

The American President, Joe BidenHe assured this Wednesday that the “shelves” of the country’s supermarkets will be “supplied” in the Christmas season, noting that the traffic jam in global supply chains is beginning to dissolve.

This was indicated by the president in a speech from the White House, in which he rejected information about a possible shortage of products for the end of the year holidays in the United States, and pointed out that the price increase will moderate from 2022.

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“We are heading into a Christmas season in a very strong state. The shelves will be stocked “, said Biden, who stressed that his Administration has taken measures to alleviate the congestion experienced by the main commercial ports of the country.

Biden It was thus trying to calm Americans amid concerns generated by sustained inflation and the potential lack of certain products.

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In October, year-on-year inflation in the US stood at 6.2%, a level not seen in more than three decades.

In the opinion of Biden, high inflation is something that is being experienced “in many countries” and responds to the reopening of the economy, after the restrictions applied during the start of the coronavirus pandemic.

“Prices will moderate,” he said, “as we return to normality.”

Despite his words, economists point out that the arrival of the new omicron variant adds uncertainty to the economic outlook and increased the risk that inflationary pressures will be more persistent than previously expected.

The US Federal Reserve (Fed) will present its new macroeconomic forecasts in mid-December, which in September set a growth rate of 5.9% and inflation of 4.2% by the end of 2021, and which they will likely be reviewed given the complex economic outlook.

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