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US: Commerce secretary acknowledges pain of inflation
Commerce Secretary Gina Raimondo on Sunday followed Treasury Secretary Janet Yellen in admitting that the Biden administration had gotten it wrong on how painful inflation would be. “Inflation’s a problem, I will grant you that, and we will get it under control because we’re going to stick with it until we do,” Raimondo said Sunday on CNN’s “State of the Union.” “I think I was wrong then about the path that inflation would take,” Yellen said in an interview Tuesday — in acknowledging the administration had underestimated the impact that inflation, which is at highs not seen since the 1980s, would ... (full story)
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