 U.S. President Joe Biden says an increase in prices was expected to be temporary, but his administration understands that unchecked inflation over the longer term would pose a real challenge to the economy and would remain vigilant. Growing concerns about inflation dragged U.S. consumer sentiment in early July to its lowest level in five months. Some pretty bold predictions about how things would turn out. You might remember some of the predictions that if I became president, we'd quote, said, depression, the likes of which we've never seen, end of quote. Well, it's true that the economy was sputtering before I got here, adding only 60,000 jobs per month or for three months before I was sworn in. But now, six months later, we've changed that. We also know that as our economy has come roaring back, we've seen some price increases. Some folks have raised worries that this could be a sign of persistent inflation. But that's not our view. Our experts believe in the data shows that most of the price increases we've seen were expected and are expected to be temporary. Reality is, you can't flip the global economic light back on and not expect this to happen. Hello, hope you enjoyed the news. Please do subscribe to our YouTube channel and don't forget to hit the notification button so you get notified about fresh news updates.