Joe Biden’s commerce secretary Gina Raimondo attempted on Sunday to shift blame for the US inflation crisis back onto Russia’s war in Ukraine, days after another cabinet member admitted the presidential administration had made failures in predicting its impact on the economy.
Janet Yellen, the treasury secretary, conceded last week she made an error in 2021 when she said inflation, which has only recently dropped from a near 40-year high, posed merely a “small risk”.
