Senior Biden administration officials have acknowledged that soaring prices are hurting U.S. households, while promising action to tame runaway inflation that they admitted has persisted longer than anticipated.
In separate interviews, Commerce Secretary Gina Raimondo and Transportation Secretary Pete Buttigieg conceded that Americans were feeling the pain from inflation, which has been running at a 40-year high.
“Inflation’s a problem. I will grant you that, and we will get it under control because we’re going to stick with it until we do,” Raimondo said on CNN’s “State of the Union.”
Raimondo’s remark came in response to an assertion by CNN host Jake Tapper that, as recently as six months ago, she called inflation a “short-term problem” and that the persistence of high prices means she “got it wrong.”…