White House: Supply chain challenges were more than anticipated
White House economic adviser Brian Deese said on Wednesday that supply chain challenges manifested themselves more than people had anticipated as he addressed questions about a rise in inflation.
Deese, briefing reporters at the White House, said the Biden administration plans to take additional steps this month to attempt to further ease bottlenecks at ports. He said most forecasters expect prices to moderate over the course of 2022.
Source: Reuters (Reporting by Jeff Mason and Steve Holland; Editing by Leslie Adler)