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US Deputy Treasury Secretary says inflation will remain challenge until the Covid pndemic is over Updated: 2021-11-17 10:03:32 KST

The U.S. Deputy Treasury Secretary Wally Adeyemo says inflation is currently running higher than has been seen in decades and will continue to do so until the COVID-19 pandemic ends.
During an interview on the sidelines of an energy conference in the UAE, Adeyemo said the ongoing pandemic, supply chain issues and inflation are just a few of the challenges facing the Biden administration.
Citing the low unemployment rate of 4.8 percent and economic growth of 6 percent, he said prices are expected to “moderate as the pandemic moderates.”
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