This week, the White House announced the launch of a Council on Supply Chain Resilience, created with the hope to “strengthen America’s supply chains” and “lower costs for families.” Kinks in the supply chain are indeed partly to blame for the persistent inflation that has dogged American consumers for more than two years now. While inflation has fallen in recent months, the annualized rate remains over 3 percent; so-called “core inflation,” which excludes food and energy, was at an annualized rate of 4 percent in October, double the Fed’s target rate. President Joe Biden delivered remarks from the White House on Monday to announce the new council’s creation. He touted the lower inflation
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