The Biden administration admitted on Thursday that there will be “several more months” of major inflation spikes as the overwhelming majority of Americans are worried about rising prices.
“We will have several more months of rapid inflation,” Treasury Secretary Janet Yellen said. “So I’m not saying that this is a one-month phenomenon. But I think over the medium term, we’ll see inflation decline back toward normal levels. But, of course, we have to keep a careful eye on it.”
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