Editor Daily Rundown: Runaway Inflation Caught Washington ‘By Surprise’

RUNAWAY INFLATION CAUGHT ‘WASHINGTON BY SURPRISE’ … WAPO: U.S. policymakers misjudged inflation threat until it was too late

Prices for just about everything Americans buy — gas, groceries, housing, cars, clothes, even TVs — have spiked in the past two years. Inflation, which had been scarcely noticeable for decades, is suddenly the top concern most people have about the economy.

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