President Joe Biden's plan to address inflation calls on Congress and the Federal Reserve to fix the issue and reveals limited action from the White House.
relies almost entirely on actions from Congress and the Federal Reserve, revealing limits on what he can do on the issue from the White House., raising prices for everyday goods like food and gas. The issue is front-of-mind for millions of American voters heading into the midterm elections, and Biden unveiled his plan to rein it in on Monday.
The plan opens by placing the inflation issue at the feet of the Federal Reserve, with Biden stating he has no plans to weigh in on the agency's policy decisions.in the Wall Street Journal. "My predecessor demeaned the Fed, and past presidents have sought to influence its decisions inappropriately during periods of elevated inflation. I won’t do this. I have appointed highly qualified people from both parties to lead that institution.
Members of the media are visible in the sunglasses of President Biden as he speaks on the South Lawn of the White House in Washington, Monday, May 30, 2022, after returning from Wilmington, Del.from the U.S. Strategic Petroleum Reserve in early April.
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