White House insists inflation is decreasing after record September numbers

The White House spun disappointing inflation numbers by saying consumer prices were on the way down while preparing the public for sticker shock to continue until next year.
Inflation had decelerated by 50% over recent months, according to White House press secretary Jen Psaki, adding the administration had “been planning for” higher prices.
“We’ve seen a decrease over the course of time,” she told reporters on Wednesday. “Over the second and third quarter of this year, monthly inflation increases have actually decelerated.”
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Psaki declined to speculate that the Federal Reserve’s use of the word “transitory” to describe inflation was problematic for White House messaging. The administration’s approach to inflation was “not about patience,” according to Psaki.
“It’s important to preserve the independence of the Federal Reserve, and that can give the American people confidence in its projections,” …

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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