Washington – Today, Business Roundtable CEO Joshua Bolten issued the following statement on historically high U.S. inflation, as reflected in the March 2022 Consumer Price Index (CPI) and Producer Price Index (PPI):
“As reflected in today’s PPI and yesterday’s CPI, historically high inflation is impacting all Americans. Across the country, workers and families are facing higher prices, and businesses of all sizes are facing higher input costs. Business Roundtable has confidence that the Federal Reserve will take the necessary steps to address inflationary pressures. In addition, Congress and the Administration should do their part by lowering tariffs and opening new markets to American goods and services, encouraging domestic energy production, working with business to address supply chain challenges, implementing the bipartisan infrastructure law and reforming our broken immigration system.
“We urge policymakers to maintain our competitive tax and regulatory environment and call on Congress to pass bipartisan innovation and competitiveness legislation that will increase semiconductor jobs, manufacturing and R&D at home.”