Biden called inflation a curse

At the same time, Biden noted that the United States has the strongest economy, which allows it to maintain superiority. The US Treasury predicted that inflation would remain at a high level Biden called inflation a curse” />

American President Joe Biden called inflation a curse on the United States.

“Inflation— this is the curse of our existence,»,— he said on Jimmy Kimmel's talk show. According to Biden, gasoline and food are the most expensive. He proposes to compensate for this with legislation that reduces the cost of prescription drugs and child care.

“We have the strongest economy, and that allows us to at least maintain an edge and be a little ahead of what's going on around the world,” said the American president.

Earlier, US Treasury Secretary Janet Yellen said that inflation in the country will remain high, although the department hopes for its decline. Slowing down prices should be Washington's number one priority, she said. Yellen also said that she and the head of the Federal Reserve Jerome Powell were mistaken in calling such inflation “transitional”.

According to the US Bureau of Labor Statistics, US consumer prices rose 8.3% year-on-year in April, up 0.3% month-on-month. In March, inflation was 8.5%, the highest since 1981. New inflation data should be published on Friday.

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