Inflation going in right direction, Joe Biden says after jobs data

The US added 311,000 jobs in February, beating estimates, but the unemployment rate also rose to 3.6% while monthly wages rose at the slowest pace in a year

The US economy is “headed in the right direction” with slowing inflation, President Joe Biden said after a mixed jobs report eased bets that the Federal Reserve will accelerate its interest rate hikes.
 

“While we still have more to do, and there may be setbacks along the way, inflation is now down 30% from what it was this summer,” Biden said Friday at the White House, hailing what he described as a “good jobs report.” 

“I’m happy to report that our economy has created over 300,000, new jobs last month. And that’s on top of a half a million jobs we