Biden Advisers Say Pandemic, Not Policies, Fueling Inflation
U.S. consumer prices last week posted their biggest annual gain in 31 years
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 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.
"There's no doubt inflation is high right now. It's affecting Americans' pocketbooks. It's affecting their outlook," Brian Deese, director of the White House National Economic Council, said on NBC's "Meet the Press." "But it's important that we put this in context. When the president took office, we were facing an all-out economic crisis."
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