Biden administration officials admitted that Americans are suffering from soaring inflation — but continued to blame COVID supply-chain problems, oil-company greed and the war in Ukraine.
Gina RaimondoCommerce Secretary
“Inflation’s a problem. I will grant you that, and we will get it under control because we’re going to stick with it until we do.”
Treasury Secretary Janet Yellen admitted that the administration was “wrong” last year when it believed inflation would be a “transitory” problem that would soon clear up.
Inflation, which hit 8.3% in April, is on the top of Americans minds and has become a hot issue for the upcoming midterm elections, where Democrats control of Congress is in jeopardy.
Eighty percent of Americans say inflation is an important factor in how they’ll vote in November, while 74% say gas price is key.
“Here’s what I do know: President Biden gets up every day and goes to bed every night thinking about, ‘What can we do to get a lid on inflation?’ And anyone who brings him a good idea that he thinks will help American families, he’s open to doing it.”
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