Biden’s Inflation Problem

The authors of this piece contend that the inflation crisis seen now was primarily the result of the Federal Reserve’s monetary policy, which has continued to pump money into the economy despite high inflation rates. However, they argue that while President Biden is not responsible for the underlying causes of high inflation, his current spending proposals prevent him from being a part of the solution.

Discussion Questions

To what degree can the President exert influence over the Federal Reserve? Should he encourage them to change monetary policy?