Treasury Secretary Janet Yellen surprised an interviewer when asked if she herself has felt ‘sticker shock’ at the grocery store due to inflation.
A growing economy could inspire confidence in Biden’s leadership ahead of the election, but the issue of persistent inflation could ruin that.
Grocery prices are up double digits percent under Biden as Americans are routinely shocked by the cost of a typical visit to the store.
Yellen – who is worth about $20 million – said she goes to the grocery store ‘every week’ and isn’t shocked by the prices.
‘It’s sticker shock isn’t it? Just when you look at shipping costs, those have come down, global food commodity prices have also come down but food prices still remain high,’ said Yahoo! Finance reporter Jennifer Schonberger.
Without even letting her finish the question, Yellen bluntly responded: ‘No.’
