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Biden pushes back on inflation fears: "These disruptions are temporary"

"Our experts believe and the data shows that most of the price increases we've seen were expected and are expected to be temporary," President Biden said at the White House Monday, pushing back against fears of persistent inflation.

Why it matters: The White House, which has argued that inflation issues are short-term, is concerned that fears of rising prices could derail Biden's legislative agenda, which includes massive spending packages.

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