Biden Administration Says "Several More Months of Rapid Inflation" Is on the Way

July 15, 2021
Press Release

This afternoon, Treasury Secretary Janet Yellen told CNBC “we will have several more months of rapid inflation.”

Over the past couple of months, inflation has affected the price of many products Americans buy every day, including gas which recently hit the highest price since 2014.

“The Biden Administration is now admitting there will be ‘rapid inflation’ in the economy for many months to come and that means Michigan residents will have to pay more for food, gas, and other products. These rising costs are hurting family budgets and those who live on fixed incomes every day,” said Congressman John Moolenaar.