{"id":33532,"date":"2022-06-02T13:11:02","date_gmt":"2022-06-02T13:11:02","guid":{"rendered":"https:\/\/harchi90.com\/why-bidens-inflation-blitz-is-falling-flat-after-a-major-miscalculation\/"},"modified":"2022-06-02T13:11:02","modified_gmt":"2022-06-02T13:11:02","slug":"why-bidens-inflation-blitz-is-falling-flat-after-a-major-miscalculation","status":"publish","type":"post","link":"https:\/\/harchi90.com\/why-bidens-inflation-blitz-is-falling-flat-after-a-major-miscalculation\/","title":{"rendered":"Why Biden’s inflation blitz is falling flat after a major miscalculation"},"content":{"rendered":"
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NEW<\/span>You can now listen to Fox News articles!\n <\/p>\n<\/div>\n

President Biden, mounting a media campaign to broadcast his concern about inflation, is said to be frustrated by his team’s handling of the issue that could decimate his party in November.<\/p>\n

But after his administration kept clinging to the notion that rising prices were temporary, he has few tools to employ beyond empathy.<\/p>\n

Once he rolled out the little-seen Treasury secretary, Janet Yellin \u2013 who told CNN “I think I was wrong then about the path that inflation would take” – it was time to turn the page.<\/p>\n

But to what?<\/p>\n

An Oval Office photo op with Yellen and Fed chair Jerome Powell isn’t going to change many minds. Plus, the president’s message was mixed. “My plan to address inflation starts with a simple proposition \u2013 respect the Fed, respect the Fed’s independence.”<\/p>\n

BIDEN, OFTEN STYMIED BY AIDES, PUSHES GUN MEASURES UNLIKELY TO PASS<\/strong><\/p>\n

Well, Biden doesn’t have any choice, since the Federal Reserve is an independent agency, even if he was trying to draw a contrast with Donald Trump’s public hectoring of the Fed. inflation spiral out of control, and on that score, it’s been a failure. The blame-Putin rejoinder also seems to have been jettisoned. <\/p>\n

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US President Joe Biden (C) meets with Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen, in the Oval Office at the White House on May 31, 2022 in Washington, DC. The three met to discuss the Biden Administration’s plan to combat record-high inflation.
\n (Photo by Kevin Dietsch \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n

Biden also wrote a Wall Street Journal op-ed on inflation that barely made a ripple because it contained nothing new. He also had top officials make the cable news rounds to talk about the economy.<\/p>\n

“The flurry of activity,” says the Washington Post, “comes after Biden has privately grumbled to top White House officials over the administration’s handling of inflation, expressing frustration over the past several months that aides were not doing enough to confront the problem directly. “<\/p>\n

But between Ukraine, coronavirus and gas prices surging during the summer driving season, “there may be little Biden can do about it.”<\/p>\n