What the Biden plan gets right on inflation ...Middle East

Quartz - Economy
What the Biden plan gets right on inflation
source : Quartz ( Middle East ) () 4
Joe Biden laid out his plan for fighting inflation today in a Wall Street Journal op-ed. The knock on it is that he mostly acknowledges that taming high inflation is largely out of his control. But the strength of Biden’s plan is what it doesn’t contain: He avoids the most common policy mistake that politicians make in response to inflation.Here’s Biden’s inflation-fighting plan in a nutshell:Let the Fed do its job: He says the US Federal Reserve has a “primary responsibility” to fight inflation and vows not to interfere. And he agrees with the Fed’s assessment that inflation is the top economic challenge in the US right now.Address supply shortages throughout the economy: He urges Congress

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