US Treasury Secretary Janet Yellen said that “the US authorities will not be able to reduce high inflation in the near future”, explaining that “inflation is unacceptably high, it is important to understand that the US is not an advanced economy.” only one that suffers from high inflation, and we see it in the UK, France, Germany and Italy, and its causes are global.”

Yellen ruled out in an interview with ABC that “these factors disappear immediately” but expressed her hope that “inflation will come down over time.”

At the end of May, US inflation accelerated to 8.6%, the highest level since December 1981, and gasoline prices on June 10 rose above $5 a gallon for the first time in history. Attempts by the White House to resist the negative trends in the economy have not yet brought tangible results.

At the same time, US President Joe Biden blamed Russia for the current situation and called the price increase “Putin’s tax on food and gasoline.”