Biden Admits Inflation ‘Too High’ but Deflects Blame, Scolds Businesses

U.S. President Joe Biden speaks during a press conference after meeting with Chinese leader Xi Jinping during the Asia-Pacific Economic Cooperation summit in Woodside, Calif., on Nov. 15, 2023. Brendan Smialowski/AFP via Getty Images

President Joe Biden admitted during a press conference on Nov. 27 that inflation is “too high” but appeared to shift the blame on companies he accused of price gouging.

President Biden made the comments during a press conference at the White House during which he touted his administration’s efforts to strengthen the supply chain and lower costs for American families.