WASHINGTON—High inflation is being driven by global phenomena that could not be anticipated, including Russia’s invasion of Ukraine, U.S. Deputy Secretary of the Treasury Wally Adeyemo said on Wednesday, adding that U.S. demand remains strong. “I don’t think anyone saw the invasion—Russia’s invasion of Ukraine—coming, which is driving the high energy prices that we see…
US Treasury’s Adeyemo Says Global Phenomena, War Driving Inflation
June 2, 2022
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