White House gets boxed in on inflation
Posted on AllSides May 13th, 2022
From The Center
President Biden is boxed in by high inflation, leaving him with few options to take the heat off on an issue that is hurting his party politically.
Biden has limited control over inflation beyond proposing policies and investments that could take months, if not years, to make an impact.
It’s also hard for the president to pass the buck on the matter.
The Federal Reserve is charged with handling inflation, and it is increasingly under scrutiny for moving too late to raise interest rates to take the heat off rising...
