Administration of Joseph R. Biden, Jr., 2022

September 13, 2022

Railroad Industry Labor Negotiations

Q. Mr. President, can you come talk to us about the railroad negotiations?

The President. No.

Ukraine

Q. Mr. President, is this a turning point in the war in Ukraine?

The President. The question is unanswerable right now. It's hard to tell. It's clear the Ukrainians have made significant progress, but I think it's going to be a long haul.

Stock Market/National Economy/Inflation

Q. Mr. President, can you tell us about the inflation report numbers today and the resulted dive in the stock market?

The President. The stock market doesn't necessarily reflect the state of the economy, as you well know. And the economy is still strong. Unemployment is low. Jobs are up. Manufacturing is good.

So I think it'sâI think we're going to be fine.

Q. Are you worried about the inflation number, though, sir?

The President. No, I'm not, because we're talking about one-tenth of 1 percent. And, you knowâanyway. Thank you.

NOTE: The President spoke at 7:21 p.m. outside a local polling station at the Tatnall School's Laird Performing Arts Center after casting his vote in the Delaware Democratic primary election. Audio was not available for verification of the content of these remarks.

Categories: Interviews With the News Media : Exchanges with reporters :: Wilmington, DE. Locations: Wilmington, DE.

Subjects: Business and industry : Manufacturing industry :: Strengthening efforts; Communications : News media :: Presidential interviews; Delaware : President's visits; Economy, national : Improvement; Economy, national : Inflation; Employment and unemployment : Job creation and growth; Employment and unemployment : Unemployment rate; Russia : Ukraine, airstrikes and invasion; Transportation : Railway system, labor dispute; Ukraine : Russian airstrikes and invasion.

DCPD Number: DCPD202200790.

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