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White House in Damage Control Mode as Crypto Markets Brace for 8%-Plus Inflation

The Biden administration blames Russia's war on Ukraine for the extraordinary elevated inflation to be revealed by Tuesday's data from the U.S. Labor Department.

Updated Nov 2, 2022, 2:13 p.m. Published Apr 12, 2022, 9:05 a.m.
The Biden White House blames Russia for the expected increase in U.S. CPI. (Joe Daniel Price/Getty Images)
The Biden White House blames Russia for the expected increase in U.S. CPI. (Joe Daniel Price/Getty Images)