It's amazing how much credit a president gets for the economy based on the media outlet and the letter behind his or her name. I'd bet real money that somewhere on FOX is an article talking about Biden's admin skating thanks to Trump's policies.In many ways, higher prices can be seen as evidence that President Joe Biden's economic and health policies are working. The successful rollout of vaccines is allowing companies to reopen and Americans to resume traveling, spending and working.
The vaccine rollout numbers are something we've linked and discussed here previously and CNN is implying Biden is responsible, but giving the devil his due, Trump's admin was doing close to 1M vaccines daily the week before he left. I think the number was in the 900K range the week Biden took office, and on pace to hit 1M daily in a week or two, which made Biden's "100M vaccines in my first 100 days" promise pretty phony.
Media bullshit aside, I'm seeing tons of article from financial folks very concerned about rising prices and the Fed not doing anything. Catt, where do you stand on this? You think the Fed should be moving to stop stuff from getting crazy or continue standing pat?