Here's what happened.
Many American are scared for the new year as Treasury Secretary Janet Yellen stated that inflation may not be going anywhere in the new year and may stay until 2023.
This news has shocked many Americans and shows that inflation may be here for a long while. Inflation seems to be everyones top priority in the government but this news has discouraged many individuals. Experts previously stated that inflation would leave soon after the new year but that does not seem like the case anymore.
Many Americans are scared for the future and if inflation will be even worse in this year than it was previously. Inflation is a major issue and it seems to also be affecting other nations.