Inflation continues to gallop in the United States , a situation that increasingly puts Joe Biden and the president's economic agenda into crisis.
Prices increased by 6.2% in October and the increases are increasingly heavy for American citizens, especially with the approach of winter (with the increase in energy consumption) and the Christmas holidays. The costs of a four-person shopping went from $ 674 per month in 2020 to $ 849 today.
At the same time, Biden's popularity is collapsing: according to a survey carried out by the Washington Post-Abc, 53% of the population disagrees with his actions, while only 41% support it. A percentage down from the 50% recorded in June and 44% in September. In particular, 50% of Americans hold the president responsible for the high cost of living.
The key measures of the administration are still firm: if the signing of the infrastructure plan seems to be close at hand, the Build Back Better - the maxi-economic measure that allocates funds for Covid-19, social services and welfare - is stopped in Congress, opposed not only by the Republicans but also by a part of the Democrats.
In fact, it is feared that by injecting a liquidity of 1,500-1,700 billion dollars, prices will skyrocket, giving rise to a negative spiral that could stop growth.
"Covid has destroyed supply chains around the world. We are now in the midst of a historic economic recovery, but Americans are struggling with prices that are too high. We must approve Build Back Better to reduce costs for working families and help the people and get back to work, ”Biden tweeted.
"It is important to realize that the cause of inflation is the pandemic. If we want to bring inflation down, the most important thing we can do is to continue making progress on the pandemic," said Treasury Secretary Janet Yellen. the Covid emergency will be over, prices will drop in the second half of 2022.
(Unioneonline / F)
