President Biden leaving a news conference at the White House on Wednesday. His administration has argued that inflation is a result of supply chain problems caused by the pandemic.Credit…Doug Mills/The New York Times The price increases bedeviling consumers, businesses and policymakers worldwide have prompted a heated debate in Washington about how much of today’s rapid inflation is a result of policy choices in the United States and how much stems from global factors tied to the pandemic, like snarled supply chains.
At a moment when stubbornly rapid price gains are weighing on consumer confidence and creating a political liability for […]
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