MIAMI- Even though the Chairman of the Federal Reserve,
Jerome Powell, and the Secretary of the Treasury, Janet Yellen, reiterated once
again that high inflation in the US is a “temporary phenomenon due to the rapid
economic recovery and that rates will be maintained of interest at almost zero
”, the population is concerned.
Because consumers assure that the recovery began to be felt
since last November, 2020 and so far consumer prices have skyrocketed.
President Joe Biden says, for his part, that "the
economy is progressing successfully" and criticizes economists who speak
of huge debt and inflation.
In the month of June alone, price increases far exceeded the
increase in retail sales. Consumers paid more in all categories: food (0.8%),
restaurants and cafeterias (0.7%), durable goods such as appliances, furniture
and vehicles (2.5%).
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