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Reply to "U.S. Annual Inflation rose to 6.8% in November - the highest in 40 years"
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[quote=Anonymous]I dont think Biden or his administration can meaningfully change the inflation trajectory unless its stopping fiscal spending. Biden seems to have no backbone to tell the progressive wing of his party no and lets Sinema/Manchin take the blame. All this stuff about jawboning OPEC and vilifying meat packers is all political theatre. The only think that's going to break this is if the fed raises rates hard ala Volker. Off course the economy is going to slow with increased unemployment by the midterms and the Democrats are going to get even pounded [/quote]
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