Jean-Pierre defends Inflation Reduction Act event as Dow plunged: 'Celebration for the American people'

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Jean-Pierre defends Inflation Reduction Act event as Dow plunged: 'Celebration for the American people'
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White House press secretary Karine Jean-Pierre called the Tuesday event celebrating the Inflation Reduction Act a 'celebration for the American people.'

since June 2020 after higher-than-expected inflation in August was announced.

President Biden speaks about the Inflation Reduction Act during a ceremony on the South Lawn of the White House, Tuesday, Sept. 13, 2022."Let's not forget the the moment that we saw on the South Lawn of the the president and thousands of get the inflation reduction act done was a celebration for the American people, was a win for the American people," Jean-Pierre told reporters during an off-camera gaggle Wednesday.

On Tuesday, as President Biden celebrated the Inflation Reduction Act, the Department of Labor reported that inflation rose 8.3% in August from a year ago.The billions of dollars for the IRS from the measure will go toward filling 87,000 IRS positions, more than doubling the agency's current size.

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