"Prices rose 6.2% in October compared with a year ago, the largest annual increase in about 30 years, as rising inflation complicates the political agenda for the White House and policymakers' road map for the economy heading into the end of the year."Overall prices rose 0.9% from September to October, tying June for the biggest one-month increase since the Great Recession. Only a few categories saw prices fall last month, including airfare and alcohol."
"...we understand completely that it's particularly people who are living paycheck to paycheck or seeing higher grocery costs, higher gasoline costs, when the winter comes, higher heating costs for their homes. We understand completely what they're going through. And we will use our tools over time to make sure that that doesn't become a permanent feature of life."
"It's unclear when supply chains will clear, especially given how vulnerable the economy remains to the pandemic."
"Biden Mends Supply Chains By Printing More Money; Prices Fall"