WASHINGTON — Commerce Secretary Gina Raimondo said Wednesday that she thinks inflation nationwide will continue rising for “months,” but argued that passage of President Joe Biden’s legislative agenda and a recently announced trade deal with the European Union would ease pressure on rising prices.
“This is certainly not permanent,” Raimondo told McClatchy in an interview. “This is the growing pains and the kinks of turning our economy back on. Whether that’s two months or six months, I’m not sure.”
The Commerce secretary does “not have a crystal ball,” she added, and cautioned about anyone making bold predictions about inflation because of the country’s unique recovery from the coronavirus pandemic.
