Finance
Treasury Secretary Janet Yellen Says Rising Prices will Continue Until “the End of Next Year” (VIDEO)
Treasury Secretary Janet Yellen on Sunday said rising prices will continue until “the end of next year.”
Inflation was up 5.4% year over year in September – the highest rate in 13 years!
Prices rose 0.4% in Sept, up from 0.3% in August.
Gas, food, and goods continue to be key drivers of inflation.
Gas is up 42% since last year (and rising) — the poor and middle class hurt the most.
“When do you expect inflation to get back to the 2% range which is considered normal? 2022? 2023? When?” CNN’s “State of the Union” host Jake Tapper asked Yellen on Sunday.
“Well I expect that to happen next year,” Yellen said. “The inflation rate will remain high into next year…I expect improvement by the middle to end of next year.”
VIDEO:
Meanwhile, the Biden White House shrugs off inflation and the supply chain crisis as “high class problems.”
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