top of the hour on cnn newsroom, good to be with you, i m victor blackwell. president biden says that he has a plan to tackle the soaring inflation that s plaguing this country, he says republicans are getting in his way. the problem is republicans in congress are doing everything they can to stop my plans to bring down the cost for ordinary families. that s why my plan is not finished, and why the results aren t finished either. jobs are back. prices are still too high. covid is down, but gas prices are up. our work isn t done. the president also warned that it s going to take time for prices to come down. as americans struggle to buy, well, everything. groceries, gas, cars, a key economic indicator shows that the pace of inflation lowered just slightly in may but the producer price index is still up above 10%. this afternoon, stocks are mixed. s&p 500 dipped into bear market territory yesterday, and now everybody s watching the federal reserve. as economists predict, th
another prisoner swap? then, the same kind of technology used for the best covid vaccines, mrna, is showing promise in treating other conditions, including some cancers. welcome to the lead. i m jake tapper. we start with our money lead. prices are up and the stock market is down. president biden is trying to put a positive spin on the economy, today insisting that tackling the worst inflation the u.s. has seen in decades remains a top priority. during a speech in front of the afl-cio in philadelphia, the president touted his administration s coronavirus relief efforts, record new job creation, and low unemployment levels. sure, but that s likely little consolation to the millions of americans paying record prices for everything from food to gasoline. especially as many economists predict the federal reserve will drastically hike interest rates tomorrow to try to get control of the inflation. president biden will try to address one of those crises, gas prices, now avera