Connect with us

Hi, what are you looking for?

Politics

Biden Admin Makes Controversial Defense of Inflation

via Face the Nation
This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak, UltimateNewswire and others. To learn more about syndication opportunities, visit About Us.

Treasury Secretary Janet Yellen addressed concerns about inflation during an interview with CBS’ Jo Ling Kent, acknowledging that some prices are higher than pre-pandemic levels, causing discomfort for Americans.

However, she emphasized that wages have also increased, indicating that people are better off overall compared to before the pandemic.

Kent asked, “Are you and President Biden happy with where inflation is right now?”

Yellen replied, “Well, look, we know that Americans are experiencing discomfort because some important prices are higher than they were pre-pandemic. But what I think is really important is that wages have gone up, along with prices.”

“So, people are better off than they were pre-pandemic,” claimed Biden’s Treasury Secretary.

Most Popular:

Cause of Death Released For ‘Rocky’ Movie Star

Supreme Court Audio Suggests Trump Case Is Doomed

You May Also Like

Trending