{"id":458148,"date":"2022-06-05T22:59:43","date_gmt":"2022-06-05T19:59:43","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/biden-officials-admit-inflation-is-a-problem-blame-covid-ukraine-war\/"},"modified":"2022-06-05T22:59:43","modified_gmt":"2022-06-05T19:59:43","slug":"biden-officials-admit-inflation-is-a-problem-blame-covid-ukraine-war","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/biden-officials-admit-inflation-is-a-problem-blame-covid-ukraine-war\/","title":{"rendered":"#Biden officials admit inflation is a problem, blame COVID, Ukraine war"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a368bb8a13a1\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a368bb8a13a1\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/biden-officials-admit-inflation-is-a-problem-blame-covid-ukraine-war\/#%E2%80%9CBiden_officials_admit_inflation_is_a_problem_blame_COVID_Ukraine_war%E2%80%9D\" >&#8220;Biden officials admit inflation is a problem, blame COVID, Ukraine war&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CBiden_officials_admit_inflation_is_a_problem_blame_COVID_Ukraine_war%E2%80%9D\"><\/span>&#8220;Biden officials admit inflation is a problem, blame COVID, Ukraine war&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Biden administration officials admitted Sunday that Americans are suffering from soaring inflation \u2014 but continued to blame COVID supply-chain problems, oil-company greed and the war in Ukraine.<\/p>\n<p>\u201cInflation\u2019s a problem. I will grant you that, and we will get it under control because we\u2019re going to stick with it until we do,\u201d Commerce Secretary Gina Raimondo <a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/https\/\/twitter.com\/CNNSotu\/status\/1533486305660661760\">said on CNN\u2019s \u201cState of the Union.\u201d<\/a><\/p>\n<p>Transportation Secretary Pete Buttigieg <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/abcnews.go.com\/Politics\/inflation-president-bidens-top-economic-priority-pete-buttigieg\/story?id=85182474\">added on ABC News\u2019 \u201cThis Week,\u201d<\/a> \u201cWell, look, the first is to recognize that this is a real challenge that we\u2019re all facing, that families are feeling that pain and that we\u2019re acting on it.\u201d<\/p>\n<p>Their comments come just days after Treasury Secretary Janet Yellen admitted that the administration was \u201cwrong\u201d last year when it believed inflation would be a \u201ctransitory\u201d problem that would soon clear up.\u00a0<\/p>\n<p>Both Yellen and Federal Reserve Chairman Jerome Powell had repeated the \u201ctransitory\u201d claim even though inflation was climbing to 40-year highs.\u00a0\u200b<\/p>\n<p>\u201cI think I was wrong then about the path that inflation would take,\u201d Yellen said Tuesday. \u201cThere have been unanticipated and large shocks to the economy that have boosted the energy and food prices, and supply bottlenecks that have affected our economy badly that I didn\u2019t, at the time, fully understand.\u201d<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/gas_pices_inflation.jpg?w=1024\" alt=\"Gas prices over the $6.00 mark are advertised at a Mobil Station in Santa Monica, California.\" class=\"wp-image-22541452\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/gas_pices_inflation.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/gas_pices_inflation.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/gas_pices_inflation.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Gas prices have exceeded $8 in California, and other parts of the country are feeling the price increases as well. <\/figcaption><figcaption><span class=\"credit\">David Swanson\/REUTERS<\/span><\/figcaption><\/figure>\n<p>Inflation, which hit 8.3% in April, is on the top of Americans\u2019 minds and has become a hot issue for the upcoming midterm elections, where Democrats\u2019 control of Congress is in jeopardy.\u00a0<\/p>\n<p>Eighty percent of Americans say inflation is an important factor in how they\u2019ll vote in November, while 74% say gas prices, which are nearing $5 a gallon, is key, according to an ABC <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a>\/Ipsos poll.<\/p>\n<p>Both Raimondo and Buttigieg said the Biden administration is scrambling to control inflation.<\/p>\n<p>\u201cHere\u2019s what I do know: President Biden gets up every day and goes to bed every night thinking about, \u2018What can we do to get a lid on inflation?\u2019 And anyone who brings him a good idea that he thinks will help American families, he\u2019s open to doing it,\u201d she said.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/biden_inflation2.jpg?w=1024\" alt=\"President Joe Biden meets with Treasury Secretary Janet Yellen\" class=\"wp-image-22541448\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/biden_inflation2.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/biden_inflation2.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/biden_inflation2.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>President Joe Biden meets with Treasury Secretary Janet Yellen on May 31 to discuss inflation. <\/figcaption><figcaption><span class=\"credit\">Evan Vucci\/AP<\/span><\/figcaption><\/figure>\n<p>Earlier in the interview, Raimondo granted that Americans are \u201cstruggling,\u201d but she also said, \u201cI don\u2019t think anyone predicted Putin\u2019s war in Ukraine or various other things that have been unexpected.<\/p>\n<p>\u201cThe reality is, the cause of this inflation is the supply-chain problems that were caused by COVID we\u2019re still struggling with. Putin\u2019s war is driving the price of food and gas up \u2026 We can\u2019t deny that. We know Americans are struggling and demand changes,\u201d she said.\u00a0<\/p>\n<p>Buttigieg also said inflation is the president\u2019s top priority. \u200b<\/p>\n<p>\u200b\u201d\u200bBut we also know that the price of gasoline is not set by a dial in the Oval Office,\u201d he said. \u201cAnd when an oil company is deciding, hour by hour, how much to charge you for a gallon of gas, they\u2019re not calling the administration to ask what they should do; they\u2019re doing it based on their goal of maximizing their profits\u200b,\u201d Buttigieg said.<\/p>\n<p>\u201c\u200bIt\u2019s been very striking right now to see these oil companies, who have become almost ridiculously profitable, and you hear these oil executives on the record talking about how they\u2019re not going to increase production. Why would they? They\u2019re doing great right now\u200b,\u201d the transportation\u00a0secretary continued.\u200b<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/inflation_food.jpg?w=1024\" alt=\"A New Jersey sandwich shop has a sign posted explaining that prices have increased due to inflation. \" class=\"wp-image-22541455\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/inflation_food.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/inflation_food.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/inflation_food.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>A New Jersey sandwich shop has a sign posted explaining that prices have increased due to inflation. <\/figcaption><figcaption><span class=\"credit\">Christopher Sadowski<\/span><\/figcaption><\/figure>\n<p>Raimondo also rejected the argument raised by some Republicans that the president\u2019s\u00a0\u200bAmerican Rescue Plan that passed last year flooded the economy with cash and created higher prices.\u00a0<\/p>\n<p>\u200b\u201d\u200bI shudder to think \u2026 what we\u2019d be living through right now if we didn\u2019t have the American Rescue Plan. Remember, that was the money for vaccinations, which actually allowed us to get everybody back to work. That was the money for emergency rental relief\u200b,\u201d she said. \u200b\n                        <\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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I will grant you that, and we will get it under control because we\u2019re&#8230;<\/p>\n","protected":false},"author":1,"featured_media":458149,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/newspress-collage-22541193-1654457234581.jpg?quality=75&strip=all&1654443088&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[129954,80110,100568,70551,991,106767,86817],"class_list":["post-458148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-6-5-22","tag-commerce-department","tag-gas-prices","tag-inflation","tag-joe-biden","tag-midterm-elections","tag-pete-buttigieg"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/458148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=458148"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/458148\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/458149"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=458148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=458148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=458148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}