প্রকাশ: 12/06/2022
President Joe Biden
cautioned that US inflation could last "for a while" after data on
Friday showed that politically sensitive price pressures unexpectedly
accelerated in recent weeks.
"We're gonna live with this inflation for a
while," Biden said at a Democratic fundraising event in Beverly Hills.
"It's gonna come down gradually, but we're going to live with it for a
while."
The wary comments at an event hosted by billionaire media
magnate Haim Saban came as the administration faces increasing pressure ahead
of Nov. 8 midterm elections, where Biden's fellow Democrats' control of
Congress is on the line.
The administration and many professional economists
initially thought that inflation pressures would be "transitory,"
easing as the recovery from the Covid-19 pandemic continued.
But price pressures have only expanded to additional goods
and services globally as the Russian invasion of Ukraine took oil and food
supplies off an already stretched global market.
US consumer inflation hitting a 40-year high 8.6% in the 12
months through May, with gasoline marking a record high and the cost of food
soaring, Labor Department data showed.
The surging costs have become a political headache for the
Biden administration, which has tried several measures to lower prices but said
much of the responsibility to control inflation falls to the Federal Reserve.
Biden on Friday visited the Port of Los Angeles, where he
has sought to clear a backlog of goods and accused the US oil industry of
capitalizing on a supply shortage to fatten profits.
- Reuters
প্রধান সম্পাদকঃ সৈয়দ বোরহান কবীর
ক্রিয়েটিভ মিডিয়া লিমিটেডের অঙ্গ প্রতিষ্ঠান
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