from Zero Hedge
Last week, when Biden released his $6 trillion budget, we asked if it was a joke that the BIden budget saw just 2.1% inflation in 2021 and 2022.
Is this a joke: the BIden budget sees 2.1% CPI in 2021 and 2022
— zerohedge (@zerohedge) May 28, 2021
Fast forward to this weekend, when Fed Chair Treasury Secretary Janet Yellen addressed our rhetorical concern, and following the G7 finmin meeting in London where the world’s most advanced nations agreed to impose a 15% minimum corporate tax rate (with zero enforcement provisions), said that contrary to the Biden Budget, inflation could climb as high as 3% this year in what the WaPo said was “the first time the Biden administration projected what inflation could be through 2021″, which by the way is dead wrong since Biden’s budget just last week predicted only 2.1% CPI in 2021.