Reuters
Biden Says Prices Are ‘Too High’ As Inflation Rises Before Midterms
WASHINGTON (Reuters) – US President Joe Biden’s hopes that his party would enter the midterm elections with inflation falling were dashed on Thursday when the final report ahead of the November vote showed prices rose more than expected. The report could hurt Biden and his Democrats, who hope to retain control of Congress and convince voters who are deeply concerned about high prices that they are the ones who can help lower inflation, even if it happened under their supervision. The White House has been slow to acknowledge the stubbornness of inflation, with top officials including Treasury Secretary Janet Yellen calling high prices “transient” through 2021, though some economists warned they could linger.
