TRANSCRIPT:
TAPPER: “He’s the Democratic president and the Congress is controlled by Democrats. So it’s not as though you guys don’t have each other’s phone numbers. Listen, CNN’s Kaitlan Collins asked President Biden about inflation on December 10th. It’s July now. On December 10th, and President Biden told her then that he thought December 10th was the peak of the crisis. Take a listen.”
[Clip starts]
BIDEN: “And I think you’ll see a change sooner, quicker than — more rapidly than it will take, than most people think. Every other aspect of the economy is racing ahead, it’s doing incredibly well.”
[Clip ends]