🇺🇸❗A terrible blow to the US economy due to anti-Russian sanctions: US Treasury Secretary Jeannette #Yellen admitted that she misjudged the impact #inflation would have on the #US #economy.
“There were unforeseen and big blows to the economy that spurred rising energy and food prices, and also created problems in the supply chains, which had a bad effect on our economy. At that time I did not fully realize this, but I admit it now,” said she is in an interview with CNN, commenting on her remarks last year that inflation is a "low risk".
According to the US Department of Labor, inflation in the country in March reached a 40-year high of 8.5%.
Earlier, #Biden said that 70% of inflation in the United States is due to Putin.
JUST IN - #Inflation in #Germany continues to rise, surges to 60 year record-high of 7.9% in May, the Federal Statistical Office reported in an initial estimate.
🇹🇷⚡Annual #inflation in #Turkey reached 69.97% in April - Turkish Statistical Institute.
JUST IN - Federal Reserve: Risk of "more persistent #inflation" in the United States has risen - #Powell
In a video from a July 19, 2021, speech, #Biden marked the first six months of his administration by celebrating the nation's economy, which he hailed as experiencing "the fastest growth, I'm told, at this point in any administration's history."
"We also know that as our economy has come roaring back, we've seen some price increases," Biden said. "Some folks have raised worries that this could be a sign of persistent #inflation. But that is not our view."
🇺🇸❗A terrible blow to the US economy due to anti-Russian sanctions: US Treasury Secretary Jeannette #Yellen admitted that she misjudged the impact #inflation would have on the #US #economy.
“There were unforeseen and big blows to the economy that spurred rising energy and food prices, and also created problems in the supply chains, which had a bad effect on our economy. At that time I did not fully realize this, but I admit it now,” said she is in an interview with CNN, commenting on her remarks last year that inflation is a "low risk".
According to the US Department of Labor, inflation in the country in March reached a 40-year high of 8.5%.
Earlier, #Biden said that 70% of inflation in the United States is due to Putin.
JUST IN - #Inflation in #Germany continues to rise, surges to 60 year record-high of 7.9% in May, the Federal Statistical Office reported in an initial estimate.
🇺🇸🇺🇦 In #Ukraine, there are 20 million tons of #grain in storage. We are now trying to figure out how to get them out of the country. It will lower prices worldwide - #Biden #Inflation