From our correspondent in Washington
For months, US officials believed inflation would remain low and would be fleeting. Today everything has changed. Joe Biden, during his campaign, brushed aside the risk of inflation from his party's program. Mandatory minimum wage hikes, the adoption of a new $ 1900 billion stimulus package without any attention paid to its impact on public debt, the withdrawal of tax and regulatory benefits from oil and gas producers ... measures that were not supposed to affect prices. In office for ten months, Joe Biden now proclaims that the fight against inflation is his "
first priority"
.
The Democratic president, at the lowest in the polls (less than 40%), has no choice, faced with a rise in inflation to the highest for thirty-one years.
See also
Inflation accelerated to + 2.6% over one year in October according to INSEE
Looking back, the warnings made last winter by former Obama administration officials, such as
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