While the US White House started an 'emergency' as a strong response to rapid inflation for the first time in 40 years, President Yoon Seok-yeol and Minister of Economy,
After President Biden complained to his aides about dealing with inflation, the White House struggled with inflation and wrote a New York Times article 'No War with Russia'.
The Washington Post reported on the 31st of last month that "Biden's team started many cases after the president accused the administration today of not doing enough to express concerns about high prices." "After his administration complained that it wasn't enough to publicly account for the fastest price hike in nearly forty years, it has launched a new push to curb the political damage from inflation."
President Biden then met with Federal Reserve Chairman Jerome H. Powell at the Oval Office to show the public that he was responding to his concerns, wrote an 'contribution' on inflation for the Wall Street Journal, and published it through major networks. It sent aides to push the administration's economic message.
In a Wall Street article, President Biden said, “The global economy faces serious challenges. Inflation is exacerbated and exacerbated by Vladimir Putin's war in Ukraine. Supply chains that are not fully healed are causing shortages and price increases. Americans are worried. I know the feeling.”
Treasury Secretary Janet Yellen said in an interview with CNN that she had underestimated the threat of inflation last year. A great shock came to the economy. I didn't fully understand it," he admitted.
"My judgment right now is that the recent inflation will be temporary," Yellen said at a hearing in the House of Representatives in May last year.
"The goal of the United States is clear," Biden said in a New York Times article. "We want a democratic, independent, independent and prosperous Ukraine that has the means to deter and defend against further aggression." As I said, ultimately, this war will only end through diplomacy."
Deputy Prime Minister Choo Kyung-ho visited the press room on the 31st of last month and told reporters, "There is no way to forcibly bring down inflation, and if it does, the adverse effect on the economy will be greater." announced that the economy has been stimulated by
In response to a question on the previous day (30th), President Yoon Seok-yeol said, “There is a concern that the implementation of the supplementary budget may stimulate inflation. (Because of inflation concerns), then why don't you do an additional budget?” He started the 62 trillion won supplementary budget by spraying 10% of the one-year budget at once in the inflation tolerance policy.
U.S. Commerce Secretary Gina Raymondo said on the 31st of last month, "The IPEF will lay the foundation for strengthening economic ties between the United States and regional countries." I also said to the Korean authorities that we should coordinate export controls (to China) together." Then, "Together, they are trying to reject China's technology," said the Voice of America (VOA) reporting South Korea's export controls to China through IPEF.