"So what we have seen is that all advanced countries are trying to address inflation, and they have, you know, historic levels of inflation," Rouse said."That has been the consequence of mounting an effective response to the pandemic. Because while we supported households and businesses, got shots into arms, which allowed people to start to come out of their homes and regain their lives, our supply chains could not support that demand. We are not alone.
BUTTIGIEG WON’T SAY IF AMERICAN RESCUE PLAN CONTRIBUTED TO INFLATION: ECONOMISTS WILL BE ‘DEBATING’ FOR YEARS "This is why the president understands that the Federal Reserve needs to do its job, and he encourages Congress to confirm all of his nominees so they have a full slate and can address their dual mandate of price stability and full employment," Rouse said."We understand that is the economic challenge in front of us. That is what he’s focused on every day.
FILE PHOTO: Gas prices grow along with inflation as this sign at a gas station shows in San Diego, California, U.S. November, 9, 2021.
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