US Deputy Treasury Secretary Says Inflation Will Moderate Once Pandemic Is Over

US Deputy Treasury Secretary Says Inflation Will Moderate Once Pandemic Is Over
Shoppers browse in a supermarket in St. Louis, Missouri, on April 4, 2020. Lawrence Bryant/Reuters
Andrew Moran
|Updated:

U.S. price inflation will remain high until the coronavirus pandemic is officially over, says Deputy Treasury Secretary Wally Adeyemo.

Speaking in an interview with CNBC’s Hadley Gamble at the ADIPEC energy industry forum in Abu Dhabi, United Arab Emirates, on Nov. 16, Adeyemo noted that President Joe Biden has tackled many issues but conceded that more work needs to be done.
Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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