Biden Addresses Soaring Inflation, Blames Pandemic, Lies About Wages

Update: it appears that Biden’s latest demand is for the Fed to crash the economy. In a fact sheet, the White House said that “President Biden’s plan starts with respecting the Federal Reserve’s independence to keep elevated price increases from becoming entrenched” and adding that “the Federal Reserve provided extraordinary support during the crisis. Given the strength of our recovery, and the pace of recent price increases, it is appropriate for them to recalibrate that support.”

Translation: the Fed should slow down the economy. And since even Goldman admitted that the Fed has never successfully hiked its way into a soft landing…