WASHINGTON – President Joe Biden said Monday that “no serious economist” is suggesting price increases could spiral out of control, as he sought to reassure Americans that the current spikes are temporary.
But some nonpartisan economic experts say they see cause for concern that inflation will continue to climb at a steep pace, a dynamic that could complicate Biden’s multi-trillion dollar policy agenda.
“A lot of reasonable people think inflation is going to be higher than we thought it was,” said Marc Goldwein, senior policy director at the Committee for a Responsible Federal Budget, an independent Washington research group.
