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Biden Cheers GDP Report, Admits More Must Be Done

President Biden Departs The White House For New York

Photo: Getty Images

President Biden is celebrating the latest GDP report which showed the nation's economy grew in the third quarter. 

GDP increased by 2.6% after the economy had shrunk in the previous two quarters. 

In a statement, the President said the report is proof "that our economic recovery is continuing to power forward." 

However, Biden admitted more work needs to be done on lowering prices. Inflation is at a level not seen in decades and Americans are bracing for yet another interest rate hike by the Federal Reserve next week.


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