White House Panics, U.S. Doomed
These people don’t know what to do.
President Biden’s Treasury Secretary Janet Yellen was downright shocked after seeing the latest consumer price index data numbers from June. Yellen even went as far as confessing that the U.S. faces “unacceptably high” levels of inflation and vowed to bring down prices brought on by Joe Biden’s presidency.
According to Fox Business, Yellen confessed, “Inflation is unacceptably high, and that’s something that’s evident from Wednesday’s report. And I believe it’s appropriate that it’s our top — it should be the top priority to bring inflation down.”
Yellen’s shock came after she looked at the Labor Department’s report on the consumer price index which found that inflation rose by 9.1% in June compared to the same time last year. This number was much higher than the predicted 8.8% which was predicted by economists as the worst case scenario.
President Biden has caused inflation to rises faster than any period since December 1981.
Yellen added, “We’re first and foremost supportive of the Fed’s efforts — what they see, deemed to be necessary to get inflation under control. And beyond that, we’re taking our own steps that we believe will be supportive in the short term to get inflation down.”
Many Americans are not confident in President Biden or Janet Yellen’s ability to handle inflation correctly.
