Economy

Biden will have to be patient with inflation

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Customers stand in line to check out at a grocery store in San Francisco, California, U.S., on Thursday, Nov. 11, 2021.

David Paul Morris | Bloomberg | Getty Images

After lying dormant for years, inflation is once again chipping away at American wallets, and it has become a chief concern for the White House.

In recent months, the Biden administration ramped up its efforts to remedy the supply-chain interruptions economists blame for hot inflation. And President Joe Biden has been pushing his economic agenda as a remedy for inflation worries.

But ask investors, economists and the American people for their thoughts on inflation, and no one sees inflation cooling off anytime soon. That means…



Source cnbc.com

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