President Joe Biden: The 2022 60 Minutes Interview

Summer was going so well for the president; the White House threw a party last week with a concert by James Taylor. Mr. Biden's streak began in June when he signed a bipartisan

gun safety law. Then, in August, over Republican objections, he signed the largest investment ever on climate change, a minimum tax on corporations, a law to lower prescription

drug prices, and student loan forgiveness. But Tuesday, as James Taylor sang "Fire and Rain," it seemed like both descended on the president's party. The Dow plummeted nearly

1,300 points after a dismal inflation report. At the White House on Thursday, we spoke to President Biden about the economy, Ukraine, those top secret documents in Donald Trump's

home and whether Mr. Biden will run again. The president made news and will ignite a few controversies. Scott Pelley: Mr. President, as you know, last Tuesday the annual

inflation rate came in at 8.3%. The stock market nosedived. People are shocked by their grocery bills. What can you do better and faster? President Joe Biden: Well, first of

all, let's put this in perspective. Inflation rate month to month was just-- just an inch, hardly at all,  Scott Pelley: You're not arguing that 8.3% is good

news. President Joe Biden: No, I'm not saying it is good news. But it was 8.2% or-- 8.2% before. I mean, it's not-- you're ac-- we act-- make it sound like all of a sudden,

"My god, it went to 8.2%." It's been--