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Transcripts for CNN State of the Union with Jake Tapper and Dana Bash 20211024 13:29:00

markedly diminished spending on services, and caused a reallocation of spending towards goods. the supply of goods to americans has increased substantially, but there s still pressure there, and there are shutdowns and covid impacts in asia where we import many goods from. so we are experiencing a lot of supply bottlenecks right. there s a shortage of semiconductors. that s pushed up the prices of used cars and caused a reduction in production of new cars. this is temporary pains that result from a covid economy. right, so let me ask about that. while it s heart impacting everything from gas price to say groceries, when do you expect the inflation to get back to the 2% range, which is considered

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