Biden’s inflation plan offers long-term solutions, but faces voters demanding action now

Photo caption: U.S. President Joe Biden holds a joint news conference with German Chancellor Olaf Scholz (not pictured) at the White House in Washington, U.S. February 7, 2022. Photo by Leah Millis / Reuters. Article by Josh Boak, Associated Press. PBS – February 14, 2022.

WASHINGTON (AP) — President Joe Biden came into office with a plan to fix inflation — just not the particular inflationary problem that the country now faces. His belief is that a cluster of companies control too many industries, which reduces competition for both customers and workers. That leads to higher prices and lower wages in what the White House says is an average cost of $5,000 annually for U.S. families. […]

Click here to view original web page at www.pbs.org