Biden Blames Worldwide Shippers And Russia’s War For Soaring Inflation Rates

Inflation is at 8.6 percent, now growing the fastest since 1981. Gasoline, housing and food costs are up. Speaking in Los Angeles, President Biden blamed higher prices on worldwide shippers who are price gouging and Russia’s war in Ukraine. Many economists also blame pandemic-related stimulus money and the FED for not acting sooner. Pressure is building on Federal Reserve Chairman Jerome Powell to raise interest rates faster and bring inflation under control. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows. Connect with NBC News Online! NBC News App: https://smart.link/5d0cd9df61b80 Breaking News Alerts: https://link.nbcnews.com/join/5cj/breaking-news-signup?cid=sm_npd_nn_yt_bn-clip_190621 Visit NBCNews.Com: http://nbcnews.to/ReadNBC Find NBC News on Facebook: http://nbcnews.to/LikeNBC Follow NBC News on Twitter: http://nbcnews.to/FollowNBC #NBCNews #Inflation #Biden

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