According to Reuters in Washington on March 2, when U.S. prices soared at a rate not seen in 40 years, U.S. President Joe Biden said in his first formal state of the Union speech since taking office in the U.S. Congress on the 1st that controlling the wave of domestic inflation was his “top priority”.

“We have choices. One way to curb inflation is to lower wages and make Americans poorer. I think I have a better way to deal with inflation: lower your costs, not your wages. Produce more cars and semiconductors in the United States. Strengthen American infrastructure and innovation,” Biden said (compiled by / Du Yuanjiang)