He wouldn’t say he retreats on anything I’m sure.
Check it out:

President Barack Obama and many Democrats are backing away from the subject of economic inequality, instead focusing more on economic “opportunity” and lifting the fortunes of the middle class.

The shift is a marked shift the president’s reelection year stance in 2012, when he called inequality a “fundamental threat the American Dream,” reports The Washington Post.

Instead, the new focus on issues like the gender pay gap and minimum wage reflects concerns of a more broad number of voters.