[UncleOxidant]

Inflation was baked in even prior to the pandemic. Biden bears little blame here. The previous president was starting trade wars that were already starting to blow up supply chains even before covid. The Fed with it's years of loose money policy, the previous president (who, in addition to trade wars, also blew up the deficit at a time when it should have been reduced) and of course covid deserve most of the blame. There's not a whole lot Biden can do to stop this inflation, it's up to the Fed but I doubt they'll take decisive enough action. These puny 1/4% rate increases aren't going to do anything anywhere near fast enough. We need to take the medicine that Dr. Volcker would prescribe were he here.