US Treasury Secretary admits: We can't face inflation!

US Treasury Secretary Janet Yellen said the US authorities will not be able to bring down high inflation in the near future.

"Inflation is unacceptably high," Yellen said in an interview with ABC. "It's important to realize that the United States is not the only advanced economy experiencing high inflation. We see it in the United Kingdom, France, Germany and Italy, and the causes are global." 

Yellen ruled that these factors would disappear immediately, but she hoped that inflation would decline over time.

Yellen added, according to "Russia Today", that she expected a slowdown in the economy, which was growing at a very high rate.

At the end of May, inflation in the United States accelerated to 8.6%, the highest level since December 1981, and gasoline prices on June 10 rose above $5 a gallon for the first time in history.

The attempts of the White House to resist negative trends in the economy have not achieved tangible results so far.

Meanwhile, President Joe Biden blamed Russia for the current situation and called the price hike "Putin's tax on food and gasoline." 

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