White House Press Secretary Jen Psaki said that inflation is being utilized as a “political cudgel” and predicted that it will decrease next year.
During a press briefing on Friday, Psaki was asked about the administration’s view on rising price levels — which are now accelerating at a 6.2% year-over-year rate.
“One in four Americans, according to a new survey, have experienced some kind of loss of income as a result of higher prices,” noted one reporter. “The president has expressed concern about this. I know that you were working on different fronts… to address this, but, I mean, how urgent is it? And … is there any sort of specific concern that this is going to affect not just political outcomes, but just the overall economy?”