 On the defensive, President Biden justifies his rhetoric as he looks to stabilize his beleaguered re-election campaign. Plus, Jerome Powell says recent data is boosting the Fed's confidence that inflation is now on a path to 2%. That's all straight ahead on Bloomberg Daybreak Europe. On DAB Digital Radio London, Bloomberg 1130 New York, Bloomberg 991 Washington DC, Bloomberg 1061 Boston, Bloomberg 960 San Francisco,