Readout of President Joe Biden's Meeting with his Economic Team

The President met today with his economic team to receive a briefing on the global economy and financial markets. Despite global economic challenges associated with elevated inflation throughout the world, they reported that the United States remains in a strong position to bring down inflation and maintain a resilient job market. Moreover, President Biden's economic plan continues to position the U.S. economy for stronger growth and investment in the United States. The President directed the team to stay in close contact with key market actors, partners, and allies, and to update him as conditions evolve.