The White House doubled down Tuesday on President Joe Biden's warning to companies that have not cut retail prices, even though manufacturing costs have stabilized and the inflation rate has cooled.
Companies should pass those savings on to consumers," White House Press Secretary Karine Jean-Pierre told reporters aboard Air Force One, en route to Colorado.
"That's why taking on price gouging has been part of the President's economic agenda.".
Some goods have lower price tags, like Thanksgiving turkeys, and consumer spending is still strong, judging from Black Friday purchases.
But many Americans still report that rent and food prices are strangling their budgets, and polls show they blame Biden for this.
But drawing a direct line from corporate pricing practices to how voters feel about the economy could prove challenging for the Biden White House.
"Because of the price gouging, we see American families hurting," she said. »
