Obama advisor says Biden spending partially to blame for surging inflation
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A top economic advisor in the Obama administration said Thursday that federal spending for coronavirus relief has contributed to the recent inflation surge.
"A sizable chunk of the inflation we’re seeing is the inevitable result of coming out of the pandemic," Jason Furman told the Associated Press.
U.S consumers have seen prices jump on everything from bacon to washing machines as the consumer price index reported a 6.2% increase from this time last year on Wednesday.