{"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":"
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