President Joe Biden on Wednesday said that it will take time before inflation will ease for most Americans as polls show how price pressures continue to be a pressing issue ahead of the 2022 midterms.
“I’m optimistic,” he said during an event unveiling new Consumer Financial Protection Bureau rules against banking fees. “It’s going to take some time. I appreciate the frustration of the American people.”
The president again blamed world events for the rise in inflation. Labor Department data shows that the consumer price index, a key inflation metric, stood at 8.2 percent in September, running near the 40-year high….