- President Biden outlined a three-part plan to thwart high inflation as economic worries become his administration’s the top concern before this fall’s midterm elections. The first part of his plan acknowledges that the Federal Reserve “has a primary responsibility to control inflation.” The second part focuses on making goods more affordable for families by addressing high gas prices, fixing supply chains, improving infrastructure, and reducing the price of prescription drugs. The third part involves reducing the federal deficit through “common-sense reforms to the tax code.” (Articles here, here, and here)
June 1, 2022
D.C. News