Biden advisers say pandemic, not policies, fueling inflation

Published by
Reuters

By Doina Chiacu WASHINGTON (Reuters) -U.S. President Joe Biden’s economic advisers defended his policies on Sunday amid rising inflation that they said was a global issue related to the COVID-19 pandemic, not a result of the administration’s programs. U.S. consumer prices https://www.reuters.com/business/us-consumer-prices-surge-weekly-jobless-claims-fall-2021-11-10 last week posted their biggest annual gain in 31 years, driven by surges in the cost of gasoline and other goods. Republicans have pounced on inflation worries, claiming that the increase reflects Biden’s sweeping spending agenda. …

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