Members of the Democratic party are concerned that the RisingInflation may cost the Biden administration a political price. Inflation
in December from a year ago, which is the highest YoY record to date. The inflation levels have caused a number of U.S. officials to grow concerned about the lack of purchasing power Americans are dealing with today.On Thursday, Federal Reserve governor Lael Brainardthe central bank’s focus on the inflation issue in prepared testimony to the U.S. Congress.
“It’s really important to get under the hood of these monthly inflation reports,” Bernstein told Sciutto. “And if you look at the change from November to December, inflation is up half a percent. That’s considerably down from October and November, when inflation was up, .8 and .9%, respectively.” U.S. President Biden reiterated the same commentary and said:
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