He credits administration for relieving bottlenecks.
On Wednesday, President Biden met with his Supply Chain Disruptions Task Force, a group of corporate CEOs and administration officials that was created in June to address supply chain issues. The task force says it has made “significant progress to alleviate bottlenecks that are rooted in the global pandemic.”
“The much predicted crisis didn’t occur,” President Biden said. “Packages are moving, gifts are being delivered, shelves are not empty.” Despite disruptions, the president said grocery store and drug store shelves are stocked at 90 percent of their full capacity, compared with 91 percent before the pandemic shutdown of a broad swath of the nation’s economy.
The president also said that fuel prices have fallen 12 cents a gallon on average to $3.30, but he believes “that they are too high, especially given that we are emerging from a once-in-a-century pandemic.”
As the Lord Leads, Pray with Us…
- For wisdom for economic advisors as they offer recommendations to the president regarding inflationary pressures.
- With gratitude for any alleviating of the supply chain deliveries.
- For the president and his administration to seek understanding from the Lord on improving the supply chain.
Sources: Reuters, New York Times, Fox News, Yahoo Finance
