There's more good news for our economy this morning, and more indications that we are starting to see inflation moderate. Today's news-that prices paid by businesses moderated last month-comes a week after news that prices paid by consumers have also moderated. And, today's report also showed that food inflation slowed-a welcome sign for family's grocery bills as we head into the holidays.
The bottom line is this: my economic plan is showing results, and we face global economic challenges from a position of strength. As I said last week, it will take time to get inflation back to normal levels-and we could see setbacks along the way-but we will keep at it. And I want to repeat that I will work with anyone-Democrats or Republicans-who have ideas on how we can provide more breathing room to middle-class and working families.
