Psaki Warns America: 'Extraordinarily Elevated' Inflation Coming
Ordinary Americans from coast to coast have long understood what it meant to have Joe Biden as the President, particularly as it pertains to matters of the wallet.
Biden’s time in the Oval Office has seen some of the worst economic forecasts of many of out lifetimes, with inflation now topping it’s 40 year highs and gas prices ballooning to the point that they’ve become a serious problem for many.
Things are so bad, in fact, that even the White House Press Secretary is having a hard time sugarcoating it.
The Biden administration is bracing for Tuesday’s key consumer inflation report to show that the prices Americans pay soared in March, as Russia’s assault on Ukraine caused energy prices to jump.
White House press secretary Jen Psaki said Monday that the Labor Department’s previous report — which showed prices rising at a dramatic rate in February — failed to include the majority of the jump in oil and gas costs caused by the Kremlin’s unprovoked invasion.Trending:
“We expect March CPI headline inflation to be extraordinarily elevated due to Putin’s price hike,” Psaki told reporters.
Silver-tongues Psaki did attempt to put at least a little spin on it, however.
“We expect a large difference between core and headline inflation,” she continued, “reflecting the global disruptions in energy and food markets.”
The news comes as President Biden continues to slip further underwater in approval polling, and just months ahead of the 2022 midterms – a contest that the left has already considered to be a precarious one for them.