[Hoot Gibson]

Notice how the Biden administration keeps pushing out the timeline for the return of a normal inflation rate. Pay no attention to them. As long as the Democrats pursue higher tax rates and large deficit spending programs, the inflation rate will continue its upward spiral.

White House Economic Adviser Says Higher Inflation Likely to Stick Around Longer

White House economic adviser Jared Bernstein told Fox News in a recent interview that inflation is likely to stay elevated longer than previously expected.

Bernstein told the outlet that he thinks the rate of inflation will come in at around 4 percent for 2021, before falling to 2.3 percent in 2022. He did not say when, precisely, he expects the rate will tick down next year, but noted inflation would likely stay high into the middle of next year.

His expectations closely track the Fed’s most recent predictions. While Bernstein did not specify which inflation measure he was referring to, his estimates are in line with the most recent Personal Consumption Expenditure (PCE) inflation projections from the Federal Open Market Committee (FOMC), the Fed’s policy-setting body.

After its most recent Sept. 21–22 meeting, the FOMC issued a revised set of economic projections (pdf) that estimate the PCE inflation rate at 4.2 percent for 2021, a sharp upward revision from June’s projection of 3.4 percent.

Per your own article’s sources the supply chain is a major contributor to the inflation we are experiencing AND we know the supply chain problems are COVID related which we know is all Biden’s fault.

The purpose of linking to the article was to show that the Biden administration is pushing out the date that it expects inflation to return to normal. In other words, the administration is lying and the fact that the timeline is in constant forward motion is evidence that they are lying. I am encouraged that you actually read part of the article to which I linked. Maybe if you do so on a regular basis, you will eventually notice that the Biden administration is a propaganda mill. A person can learn a lot reading propaganda, if that person is smart enough to recognize when they are reading propaganda. Otherwise, they just allow themselves to be made into fools.

Biden's mishandling of the COVID pandemic IS VERY MUCH Biden's fault. The vaccination mandates will do nothing to resolve the issue and it is creating labor shortages, undermining military morale, and placing millions of lives at risk.